Rackspace

 
  • Rackspace Tests The IPO Waters Today; Settles For Half The Price It Was Hoping For

    Rackspace Tests The IPO Waters Today; Settles For Half The Price It Was Hoping For

    After filing for an IPO last April in which it hoped to raise $400 million, Web hosting provider (and cloud-computing aspirant) Rackspace finally priced its IPO last night at $12.50 a share. That would have brought in $187.5 million, or half what it was hoping for. But it opened this morning at $10 (ticker: RAX). It’s been been going up since then to about $11. And Rackspace is a solid… Read More

  • Update: Rackspace Files IPO, Will Set Price Via Auction

    Update: Rackspace Files IPO, Will Set Price Via Auction

    Web hosting provider Rackspace filed for an initial public offering with the SEC last night, as we predicted it would. The company will try to raise $400 million, and it intends to set the IPO price through an auction, much like Google did. The underwriters are Goldman Sachs, Merrill Lynch, Credit Suisse, and WR Hambrecht & Co. (the leading proponent of such IPO pricing). Pricing through an… Read More

  • Eight Years Later, Is Rackspace Finally Going To Try For Another IPO?

    Eight Years Later, Is Rackspace Finally Going To Try For Another IPO?

    The last time Web hosting provider Rackspace filed for an IPO was back in March, 2000, at the peak of the first Internet bubble. Now, it may be about to do so again. Perhaps as soon as tomorrow or Monday, according to one tipster who tells us that email to that effect are circulating inside the company. (Rackspace is a TechCrunch advertiser, but our source is not an employee). There are no filings… Read More

  • Rackspace Offers Cloud Computing with Mosso

    Rackspace Offers Cloud Computing with Mosso

    Last week’s incident with Amazon Web Services briefly going down may have raised questions about the reliability of cloud computing, but demand is high enough for competitors to keep trying to get into the game. The more companies that enter this space, the cheaper and more competitive that Web-scale computing should become. Today, hosting provider Rackspace is offering a new cloud computing… Read More

  • 37Signals Down – Looks Like Rackspace Is To Blame Again

    37Signals Down – Looks Like Rackspace Is To Blame Again

    37Signals is having a bad morning, according to their current home page image above. They’re pointing fingers at their service provider, which was (and we believe still is) Rackspace. Last November they suffered a three hour outage along with other Rackspace customers. Update: It’s back up, total outage was about 2 hours. Per the comments, 37Signals doesn’t seem super duper happy… Read More