It began trading on the Nasdaq exchange under the … Interested parties may access the conference call live over the phone by dialing 1-877-308-2053 (domestic) or 1-212-231-2930 (international) and requesting the Rackspace Technology Third Quarter 2020 Earnings Conference Call. Rackspace Technology Inc. today submitted the paperwork for an initial public offering, disclosing in its S-1 filing that it generated revenue of $2.4 billion last year and has nearly $4 billion worth In its IPO, Rackspace offered 33.5 million shares at $21 a piece, the low end of its price range. Missing the hype train. RXT Rackspace Technology, Inc. Q3 2020. Rackspace Technology Inc., a technology services provider backed by private equity firm Apollo Global Management Inc., filed for a U.S. initial public offering. Rackspace leases server space and helps corporations store and access data in the cloud. Rackspace's IPO Is Severely Underwhelming. Rackspace said in an S-1 filing with the U.S. Securities Exchange and Commission that it will apply around 85 percent of the cash raised in its IPO to pay down debt. In 2008, a Rackspace IPO hit the market. At its IPO price, Rackspace … The new company aims to combine with a business in the fintech, payments, financial services, or data analytics sectors. Here are four reasons Rackspace may have received cool reception amidst so much heat (and one reason why Amazon may want a piece of it). Rackspace Technology Inc., the cloud-service provider backed by Apollo Global Management Inc., fell 20% at the opening bell in its trading debut after … Prev. This event has passed. Rackspace prepares for IPO, four years after going private. As Jeff Bezos and Co. look to take advantage of the depressed price of 2020’s worst IPO, it’s worth asking why retail investors have been so uninterested in the company. Rackspace Technology Inc. intends to issue 33.5 million shares of stock in its pending initial public offering. Copy. And Rackspace was one of the first to meet that need. SAN ANTONIO, Nov. 23, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology Global, Inc. (NASDAQ: RXT) today announced that Kevin Jones, Chief Executive Officer, and Amar Maletira, Chief Financial Officer, will present at the Credit Suisse 24th Annual Technology Conference on Monday, November 30, 2020. Rackspace Technology Inc. (NASDAQ: RXT) entered the market with a whimper in its initial public offering. Rackspace leases server space and helps corporations store and access data in the cloud. And it has a diverse customer base. 6 Dec Sun. Concord is led Read More. Paul Kunert Wed 5 Aug 2020 // 12:45 UTC. July 13, 2020 By Sebastian Moss Comment. The tech IPO scene for the rest of 2020 looks strong despite the coronavirus pandemic, upcoming presidential election, and economic slump. It has raised $704m, the vast majority of which will be used to … In June 2020 it changed its name to Rackspace Technology. LONDON, Dec. 01, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology (NASDAQ: RXT), ein führendes Unternehmen für End-to-End-Multi-Cloud-Technologielösungen, unterstützt die … Given that Rackspace had $652.7 million in Q1 2020 revenue and BigCommerce reaped $33.2 million in the same period, we have a puzzle on our hands. Rackspace IPO bags $704m, proceeds used to pay down debts to private equity backer 'Not the most glorious of returns to public market' says analyst. As society grows and uses technology to connect, people need data storage. Chris Lange. Concord Acquisition Corp. announced the pricing of its upsized $240 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “CND.U” tomorrow, Tuesday, December 8. August 5, 2020 12:35 pm. Rackspace leases server space and helps corporations store and access data in the cloud. The San Antonio-based company had been exploring an IPO for the last two years, but its … Rackspace Technology will hold a conference call today, November 10, 2020, at 4:00pm CT / 5:00pm ET to discuss its third quarter 2020 results. Rackspace became public in 2008, and in 2016 was purchased and taken private by Apollo Global Management LLC. Rackspace could be valued in an IPO at more than $10 billion. The San Antonio-based company had been exploring an IPO for the last two years, but its … Tags: cloud hosting,cloud management services,data analytics,data mining,IPO,Palantir,Rackspace,tech IPOs About the author: George Leopold George Leopold has written about science and technology for more than 30 years, focusing on electronics and aerospace technology. Rackspace, which helps customers such as Samsung manage their remote cloud data storage systems, declined to comment. To access this post, you must … Upcoming & Recent IPO's - IPOs Calendar - Yahoo Finance. Rackspace Technology’s first day of trading Wednesday as a public company saw its share of ups and downs. Cloud services are very popular. Rackspace Technology has filed a registration statement on Form S-1 with the Securities and Exchange Commission for an initial public offering. Rackspace Technology, Inc. (“Rackspace Technology”) today announced the pricing of its initial public offering of 33,500,000 shares of its common stock at an initial public offering price of $21.00 per share. A Rackspace IPO could mean the company's going public again after becoming private when it was purchased by Apollo Global Management. RACKSPACE TECHNOLOGY AKTIE und aktueller Aktienkurs. IPO; Leisure & Entertainment; Other Industries; Research Summary; Retail; Technology; AlphaGraphs; Earnings Transcripts ; Earnings Calls; Earnings Calendar; Earnings Calendar « All Events. Nachrichten zur Aktie Rackspace Technology Inc Registered Shs | A2QAH7 | RXT | US7501021056 Rackspace has changed its name months after it was reported to be readying itself for a second IPO. 7 Dec Mon. Apollo Takes Rackspace from Public to Private. Events Calendar for: Dec 06, 2020 - Dec 12, 2020. Share. Rackspace officially filed with the SEC for an IPO of its common stock on the Nasdaq, under the ticker RXT, after going private in 2016. Jul 27, 2020, 10:07am CDT. Nov 10, 2020 « LPRO OPEN LENDING CORP Q3 2020; WSTG Wayside Technology Group Inc Q3 2020 » + Google Calendar + iCal Export. Rackspace Technology returned to the public market Wednesday with an initial public offering that underperformed.The Rackspace IPO raised $704 million but priced at the low end of its range. The company had aimed to price the shares as high as $24 each. Rackspace stock traded on the NYSE under the ticker symbol RAX. IPO Kalender 2020 auf Börse LYNX ᐅ Aktuelle, bevorstehende & geplante Börsengänge: Neue Börsengänge in der IPO Übersicht Aktien Neuemissionen Twelve years after first going public, Rackspace Technology has returned to the NASDAQ with more of a whimper than a bang. Its data centers are located in Texas, Chicago, Kansas City, Virginia, the United Kingdom, Germany, Australia, and Hong Kong. ... To date, the impact on Rackspace’s business has been limited. Let me explain. That’s because most of its services either are or can be delivered remotely. The multicloud managed service provider raised $704 million, but it saw the per-share price of its stock fall from the price it set at $21 to $16.17, a drop of about 20%. But is still operating at a loss. Events Calendar for: rackspace ipo 2020 date 06, 2020 - Dec 12, -. Need data storage systems, declined to comment years after first going,. 06, 2020 - Dec 12, 2020 - Dec 12, 2020 - 12. 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