Home › Rackspace prices IPO at low end of range, raises USD 704 million
 

Keywords :   


Rackspace prices IPO at low end of range, raises USD 704 million

2020-08-05 08:34:00| Telecompaper Headlines

(Telecompaper) Rackspace Technology has priced its IPO at USD 21 per share, the low end of the indicated subscription range. This puts the gross proceeds of the sale of 33.5 million shares at USD 703.5 million. The underwriters have a 30-day option to purchase up to 5.025 million more shares at the same price. 

Tags: end low range prices

Category:Telecommunications

Latest from this category

All news
28.02Fostering Leadership with the Fanatical Leadership Academy at Rackspace University
Telecommunications »
14.03Musk's Tesla raises concern over Trump tariffs
14.03UK economy shrank unexpectedly in January
14.03Car sharing switches to electric to boost appeal
14.03Exclusive: Every McDonald's in Britain warned of legal action over failing to tackle staff sex abuse
13.03Continental Refining Company targets Southeastern feed mills for cattle-formulated UltraBlend Soymeal
13.03Glenn Laursen Brinkman
13.03U.S. cattle producers hail new WOTUS guidance
13.03Judge orders Trump administration to give fired workers their jobs back
More »