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Rackspace Technology Priced, Nasdaq: RXT

Leading provider of cloud management services.

Industry: Technology

Latest Trade: $16.60 0.00 (0.0%)

First Day Return: -22.0%

Return from IPO: -21.0%

Industry: Technology

We are a leading end-to-end multicloud technology services company. We design, build and operate our customers’ cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products and adopt innovative technologies. We serve our customers with a unique combination of proprietary technology resulting from over $1 billion of investment and services expertise from a team of highly skilled consultants and engineers. And we provide our customers with unbiased expertise and technology solutions, delivered over the world’s leading cloud services, all wrapped in a Fanatical Experience. Cloud technology—the on-demand availability of compute, storage and networking—has revolutionized how companies manage their infrastructure and applications, providing businesses with greater flexibility and lower costs compared to legacy technologies. These trends have accelerated in recent periods as businesses create and adapt to new economic and labor models and are increasingly looking for technologies that enable digital transformation and enhance productivity.
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IPO News for Rackspace Technology
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IPO Data
IPO File Date 07/10/2020
Offer Price $21.00
Price Range $21.00 - $24.00
Offer Shares (mm) 33.5
Deal Size ($mm) $704
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 08/04/2020
Offer Price $21.00
Price Range $21.00 - $24.00
Offer Shares (mm) 33.5
Deal Size ($mm) $704
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters San Antonio, TX
Founded 1998
Employees 6,800
Website www.rackspace.com