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

August 8th, 2008 at 11:30 am

Source:TechCrunch
At the risk of offending some of you, I am posting this parody video created by Crunchgear’s Nicholas Deleon and his brother Gabriel. Just remember, it’s not about Hitler. It’s about Twitter.

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Crunch Network: CrunchBoard because it’s time for you to find a new Job2.0
Source:TechCrunch
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 […]

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