Rackspace IPO Hints at Expansion
April 27, 2008 – 2:57 pmData center and hosting provider RackSpace Inc., has filed to raise up to $400 million in an initial public offering. Its financials seem generally sound (unlike many tech companies it’s actually profitable), although profits did drop by 10 percent in the last year.
Rackspace is headquarted in San Antonio, TX.
