Rackspace IPO prices at bottom of target range to raise about $703 million

Rackspace IPO prices at bottom of target range to raise about $703 million

3 years ago
Anonymous $qOHwDUKgAF

https://www.reuters.com/article/us-rackspace-tech-ipo/rackspace-ipo-prices-at-bottom-of-target-range-to-raise-about-703-million-idUSKCN2502W8

Cloud services firm Rackspace Technology Inc sold shares in its initial public offering (IPO) on Tuesday at $21 per share, the bottom end of its target range, to raise $703.5 million, the company said.