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Rackspace kicks off IPO, to raise up to USD 925 mln

2020-07-27 15:08:00| Telecompaper Headlines

(Telecompaper) Rackspace Technology has kicked off its initial public offering on the Nasdaq market, with plans to raise up to USD 925 million. The initial offering of 33.5 million shares will be sold at a price of USD 21-24 per share, and the underwriters have an option to buy another 5.025 million shares within 30 days at the same price. 

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