RXT News
Archived Headlines
- US IPO Week Ahead: Rocket Companies shoots for the moon in an 8 IPO week 07/31/20
- Cloud hosting services provider Rackspace sets terms for $754 million IPO 07/27/20
- US IPO Week Ahead: Chinese EVs and US tax software lead a diverse 7 IPO week 07/24/20
- US IPO Weekly Recap: Preclinical biotech Nkarta pops 166% in a 5 IPO week 07/10/20
- Hosting services provider Rackspace files for an estimated $1 billion IPO 07/10/20
US IPO Week Ahead: Canadian IT and German chemicals lead a diverse 9 IPO week
The IPO market is expected to remain active in the week ahead with nine IPOs scheduled to raise $2.7 billion. Canadian digital service provider TELUS International (TIXT) plans to raise $800 million at a $6.4 billion market cap. The...read more
US IPO Weekly Recap: BigCommerce’s 201% first-day pop breaks records in an 8 IPO week
Eight IPOs and nine SPACs entered the public markets this past week led by BigCommerce (BIGC), which soared 201% in the best first-day pop for an IPO over $100 million in 15 years. E-commerce platform BigCommerce (BIGC)...read more
BigCommerce soars 201% and Rackspace drops 22% in year's best and worst IPO debuts
BigCommerce (BIGC) and Rackspace (RXT) notched the year's best and worst first-day performances on Wednesday. IPO investors continue to pay up for high-quality, high-gross margin growth, awarding e-commerce platform...read more
Apollo Global's Rackspace Technology prices IPO at $21, the low end of the range
Rackspace Technology, a leading provider of cloud management services, raised $704 million by offering 33.5 million shares at $21, the low end of the range of $21 to $24. Rackspace was taken private by Apollo Global Management (NYSE: APO) in 2016. ...read more