Rackspace, the data center where we host our servers, is going public. Their IPO auction website just went live today. The IPO is expected to take place the week of August 8th, 2008, where they will be auctioning off 1,500,0000 Shares Common Stock at a price range of $12.00-$16.00 (Symbol: RAX).
Rackspace is an great company that served us well for almost a decade (we are one of their oldest customers, hosting there since 1999). We wish them all the best with their upcoming IPO.
Here Are A Few Related Posts You Might Enjoy:
- Reddit Goes Open Source, Releases Code To Public
- Photos: Rackspace Hosting & The Rackspace Cloud
- Laughing Squid Celebrates 10 Years Using Rackspace Servers & Data Centers
- Robert Scoble Tours the Future Headquarters of Rackspace
- Rackspace Cloud Hosting: Sites, Files & Servers
{ 4 comments… read them below or add one }
You're servers are in a datacenter in TEXAS!!? WTF? With all the data centers in San Francisco? Hello? What happened to the ethic of supporting progressive San Francisco companies?
Um hello? We started using Rackspace in 1999. If you recall data centers were way too overpriced in San Francisco back then. Do you remember that little thing called the bubble?
Also we have customers all over the world, not just in San Francisco. This internet thing is global.
Oh and this is not some kind of nefarious secret, we mention our data center information on our website: http://laughingsquid.net/faq/general/#data-center
The bottom line is that we need to do what is best for our our customers and business in general, and in this situation Rackspace has been a major factor in our success all of these years.
I do remember that bubble. I'd say in about 3 years you won't be able to call it “the bubble” anymore. More like “a bubble” or “the first bubble.” I seem to recall a whole host of IPOs in the valley back then. You might want to start shopping around for a new hosting company! Profitable companies don't go public…
This is great news. We invested in RackSpace back in 1999-2000 at a mere .50 a share. We (shareholders) turned down an IBM buyout and watched the bubble leave us high and dry. Let see some returns after 8 years.