Rackspace Initial Public Offering, IPO Auction Is Now Open
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.
Scott Beale
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