Cloud services provider Rackspace Technology returned to the public markets earlier this month, but it hasn't been a popular stock in the weeks since, trading well below its $21 IPO price. About Rackspace Stock. View real-time stock prices and stock quotes for a full financial overview. San Antonio-based Rackspace expects to price its stock … The offering could value the company at over $10 billion, including debt. Pros. Rackspace IPO: More Details. ... citing "people with knowledge of the matter," Apollo is in early discussions with advisors on bringing Rackspace back to the stock market. The company plans to list under the ticker 'RXT' on Nasdaq. SAN ANTONIO-(BUSINESS WIRE)-Rackspace Technology, Inc. ("Rackspace Technology") today announced the launch of its initial public offering of 33,500,000 shares of its common stock. Rackspace filed with the U.S. Securities and Exchange Commission for an initial public offering (IPO) of its common stock on the Nasdaq Global Select Market under the RXT ticker. Get the latest Rackspace Technology, Inc. (RXT) stock news and headlines to help you in your trading and investing decisions. Rackspace filed for an initial public offering (IPO) on Nasdaq. The stock has since crawled back to the IPO price. Rackspace shares are set to list at the Nasdaq Stock Exchange on Wednesday under the ticker "RXT." Rackspace Technology (NASDAQ: RXT) earnings for the cloud company’s second quarter of 2020 have RXT stock falling after markets closed on … Shares closed down that first session as well. Rackspace Technology’s first day of trading Wednesday as a public company saw its share of ups and downs. The multicloud managed service provider raised $704 million, but it saw the per-share price of its stock fall from the price it set at $21 to $16.17, a drop of about 20%. Rackspace shares jumped 10.5% to $21.35 in Monday’s regular session, on a day the Dow Jones Industrial Average slipped 0.8%. A hot market for tech stocks is stoking demand for fast-growing companies like nCino. Rackspace fell more than 20% after its debut on the Nasdaq while BigCommerce jumped nearly 300%. Rackspace Technology has filed to raise $100 million in an IPO of its common stock, according to an S-1 registration statement.The firm provides a range of multicloud services, Pros & Cons of RackSpace. On Wednesday, Rackspace announced the pricing of its IPO of 33.5 million shares of common stock. Rackspace IPO Prices at Bottom of Target Range to Raise About $703 Million By Reuters , Wire Service Content Aug. 4, 2020 By Reuters , Wire Service Content Aug. 4, 2020, at 5:58 p.m. Rackspace Technology's EBITDA. Rackspace … On August 8, 2008, Rackspace opened for trading on the New York Stock Exchange under the ticker symbol "RAX" after its initial public offering (IPO) in which it raised $187.5 million. The stock price has traded mostly lower than that since. Apollo Global Management acquired Rackspace Hosting for $4.3 billion in 2016 and took the business private.. After multiple acquisitions coupled with organic growth, the hosting company has evolved into Rackspace Technology — a multi-cloud MSP that supports AWS, GCP, Azure and plenty of additional cloud and security services. IPO Rackspace RXT Stock Is Going Public, Also How To Buy An IPO At The Cheapest Price IPO Market Watch. Author: Tony Owusu Find All 2019 IPO Dates and Upcoming IPO’s, Zoom Video, Zoom Stock, Discord IPO, Casper IPO, Yeti Stock, Lyft IPO, Uber IPO, IPO Stock News in TheOofy.Com. Other investors include BlackRock, Fidelity, … Rackspace Technology has filed an IPO with the SEC. Hybrid cloud-based services. EquityZen is a marketplace for shares of proven pre IPO tech companies. Rackspace Technology, a leading provider of cloud management services, raised $704 million by offering 33.5 million shares at $21, the low end of the range of $21 to $24. Look out for second-tier candidates like Rackspace. Request Access. Rackspace co-founder buys $2M in stock … 24/7 Wall St. Rackspace Again A Public Company After Disappointing IPO. In addition, it granted the underwriters a 30-day option to buy up to an additional 5 million shares of stock at the IPO price, less underwriting discounts and commissions. The initial public offering included 15,000,000 shares of its common stock at a price of $12.50 per share. Valuing Rackspace Technology stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Rackspace Technology's overall performance. Buy or sell Rackspace stock pre IPO via an EquityZen fund. Rackspace Technology, Inc. (“Rackspace Technology”) today announced the pricing of its initial public offering of 33,500,000 shares of its common stock at an initial public offering price of $21.00 per share. Rackspace stock was last seen down about 18% at $17.23, in a range of $16.10 to $17.39 on the day thus far. Rackspace changes name in preparation for public markets. Rackspace Tanks in IPO Debut, While BigCommerce Spikes. IPO watch: Rocket Companies is expected to price its IPO on August 5.The parent of Quick Loans is looking to raise $3.15B at an expected pricing range that would value the company at just under $40B. The managed cloud company debuted on Nasdaq at $21 per share, then sank to just above $16 by the end of the day. Acquired. Rackspace Technology’s initial public offering got off to a rocky start in its Nasdaq debut on Wednesday as the San Antonio-based cloud services company saw its stock plunge almost 20 percent before opening.. Shares opened at $16.85, according to Reuters – 19.8 percent lower than the $21-per-share pricing Rackspace had announced Tuesday. Rackspace Technology Inc. intends to issue 33.5 million shares of stock in its pending initial public offering. But Lyft beat Uber to an IPO and Lyft’s lackluster IPO caused Uber to go public with a stock price of $45, which was much lower than expected. Quick Take. However, analysts commonly use some key metrics to help gauge the value of a stock. View More Companies. Rackspace could be valued in an IPO at more than $10 billion. Expert: Rackspace IPO could be successful due to recent acquisitions. The Investor Relations website contains information about Rackspace Technology, Inc.'s business for stockholders, potential investors, and financial analysts. Rackspace held its first IPO in August 2008 when it raised $187.5 million in a modified Dutch auction. RAX | Complete Range Resources Corp. stock news by MarketWatch. 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