Cloud-service firm Rackspace — owned by private equity firm Apollo Global Management since its $4.3 billion buyout in 2016 — filed for an IPO on Friday. A download-able weekly list of all SPAC (Special Purpose Acquisition Company) IPO transactions. Company preannounces double-digit Q3 revenue growth. Everything you need to know about the Rackspace Technology IPO including Offer Price, Filed Date, IPO Date, Offer Shares, Dealsize and Underwriters. There have been 431 IPOs on the US stock market this year, as of December 9, 2020. The IPO market continues the strong summer momentum this week with deals including Vertex (VERX) and Vital Farms (VITL).There are a total of nine deals on the calendar this week (two have not set a date for pricing yet but intend to try for this week.) Updated Oct 30, 2020. JDE Peet’s could go public in the second half of 2020, but there is no confirmed date or expected valuation for the IPO. The company had been exploring an IPO for the last two years, but its weak organic growth and large debt, accumulated due to its $4.3 billion leveraged buyout by Apollo in 2016 and subsequent acquisitions, had stopped it … 15 Hot Upcoming IPOs to Watch For in 2020 and 2021 The most exciting IPOs expected during the rest of 2020 and into 2021 range from a popular home-rental app to an old-guard pet retailer. Another Cloud IPO Has a Triple-Digit Debut, But Beware A hot market for tech stocks is stoking demand for fast-growing companies like nCino. Rackspace Technology (NASDAQ: RXT) earnings for the cloud company’s second quarter of 2020 have RXT stock falling after markets closed on Monday. The company will be the result of a merger between coffee giants Jacobs Douwe Egberts and Peet’s Coffee. Analysis includes total gross proceeds, announcement deadline date (and number of months left until deadline), % held in trust, and list of symbols for all trading securities included in the unit. The SCOOP Rating does not reflect the opinions of anyone associated with Cloud services firm Rackspace Technology Inc, owned by private equity firm Apollo Global Management, filed for a U.S. initial public offering on Friday. Deliveroo’s last funding round valued the firm at £1.6 billion (in 2018). And Rackspace was one of the first to meet that need. Vesync Co Ltd: HKSE: Jun 28, 2020--HKD-Expected: RAACU. In 2019, Rackspace reported revenue of $2.44 billion and a net loss of $102.3 million. Rackspace Technology, Inc. (“Rackspace Technology”) today announced the launch of its initial public offering of 33,500,000 shares of its common stock. It has hinted at a 2020 IPO after short-lived talks about a merger with Uber collapsed. Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums), is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. Their stock opened with $21.00 in its Aug 4, 2020 IPO. IPO Date The managed cloud company debuted on Nasdaq at $21 per share, then sank to just above $16 by the end of the day. Dear Mr. Kauten: On behalf of Rackspace Technology, Inc. (the “Company”), we are submitting this letter, which updates our previous letter sent on July 20, 2020, to assist the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) in its review of the Company’s Registration Statement on Form S-1 (File No. The SCOOP ratings should not be taken as investment advice. SAN ANTONIO – August 4, 2020 – 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. This … Rackspace Technology has priced its IPO of 33.5M common shares at $21/share, for gross proceeds of ~$703.5M (~$809M if the underwriters exercise their option).Underwriters' over-allotment is … Rackspace Technology, Inc. Dear Mr. Kauten: On behalf of Rackspace Technology, Inc. (the “Company”), we are submitting this letter to assist the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) in its review of the Company’s Registration Statement on Form S-1 (File No. Basu said Rackspace's recent strategic acquisitions have boosted earnings, which … Rackspace leases server space and helps corporations store and access data in the cloud. Rackspace is registered under the ticker NASDAQ:RXT . As society grows and uses technology to connect, people need data storage. ... 2020 … Jun 11, 2020, 1:03pm CDT. Look out for second-tier candidates like Rackspace. Apollo Global Management acquired Rackspace in November 2016. ". ... called an initial public offering (IPO). Its most recent investment – £459 million from Amazon – may have given the business the momentum it … Rings the Opening Bell in Celebration of its IPO Date & Time Aug 5, 2020 9:15am - 9:30am Location Nasdaq MarketSite Tower, 4 Times Square New York Shares of company innovation business Rackspace tanked on Wednesday following a going public, much like they performed in 2008 after a previous IPO. Rackspace Technology has filed to raise $754 million in a U.S. IPO. Rackspace Again A Public Company After Disappointing IPO. Apollo Takes Rackspace from Public to Private. Rackspace did grow in Q1 2020, however. The Rackspace IPO offered 33.5 million shares at $21, the low end of its price range of $21 to $24. Rackspace’s float could rank as high as 19th, behind Zoom Information’s completed USD 934.50 million sale in June and GoHealth’s USD 913.50 million debut on Nasdaq earlier this month. The firm’s $652.7 million in first-quarter top-line easily bested in its Q1 2019 result of $606.9 million. - Renaissance Capital Date Price Range Price Currency Shares Actions; 2148.HK. The tech IPO scene for the rest of 2020 looks strong despite the coronavirus pandemic, upcoming presidential election, and economic slump. It will become the second largest company of its kind by volume, after Nestlé, and operate in more than 140 countries. Investor's Business Daily 08/06/2020 04:10 PM ET Rackspace IPO Flops As Trading Begins, Pricing At Low End Of Its Range Rackspace Technology (RXT) returned to the public market Wednesday with an initial public offering that underperformed. It began trading on the Nasdaq under the ticker RXT. Stock Symbol NASDAQ:RXT ; Valuation at IPO $3.5B; Money Raised at IPO $703.5M; IPO Share Price $21.00; IPO Date Aug 4, 2020 ... Goldman led Rackspace's previous IPO, Basu said. Apollo weighing Rackspace IPO: Reuters April 17, 2020 Craig Gambol Zephyr Apollo Global Management is planning an initial public offering (IPO) of cloud services company Rackspace Holding, people familiar with the matter told Reuters. The firm provides enterprises of all sizes with computing infrastructure and related software consulting services. In 2008, a Rackspace IPO hit the market. Publishing date: Jul 10, 2020 • • 1 minute read. Zephyr, the M&A database published by Bureau van Dijk, shows 1,023 IPOs have been announced globally in 2020 to date. The company grew 7.6% in Q1 2020. SAN ANTONIO, Texas, October 21, 2020 – Rackspace Technology (Nasdaq: RXT) announces today the appointment of services industry veteran Amar Maletira as President and Chief Financial Officer, effective November 23, 2020.Current CFO Dustin Semach has resigned to take a new career opportunity. That is +93.3% more than the same time in 2019, which had 223 IPOs by this date. Rackspace stock traded on the NYSE under the ticker symbol RAX. A Rackspace IPO means the company could return to public trading less than four years after going private. Article content. Other Ticker Details RXT Company Name Rackspace Technology, Inc. Earnings Call Date 10-11-2020 Time (ET) 17:00 Fiscal Quarter Q3 Fiscal Year Rackspace shares tipped over 20% to $1617, a comparable efficiency to their first day of trading 12 years earlier. Cloud services are very popular. On … Filed 2020-07-10 Terms Added 2020-07-27: For IPO Boutique's "scale of 1 to 5" BUY rating on Rackspace Technology, Inc., and our comprehensive analysis, click "Buy Market Research.