Intrepid Rackspace Sets IPO Price Range

Schachter, Ken
July 2008
Red Herring;7/25/2008, p2
Trade Publication
The article reports that Rackspace Hosting set the price range for an auction-style initial public offering (IPO) expected on the New York Stock Exchange on August 4, 2009. Rackspace Hosting is backed by Norwest Venture Partners and Sequoia Capital. The 10-year-old company is plowing ahead with the deal despite unforgiving market conditions and the GT Solar debut that has cratered in its first two days of trading on the Nasdaq Global Market. Lead underwriters of the offering include Goldman and Merrill Lynch.


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