Wednesday, August 5, 2020

Rackspace closed ~22% down on its first day of trading, after raising $704M in its IPO, and now has a market value of $3.26B (Bloomberg)

Bloomberg:
Rackspace closed ~22% down on its first day of trading, after raising $704M in its IPO, and now has a market value of $3.26B  —  - Cloud computing firm Rackspace has year's worst debut in U.S.  — Fellow Texas firm BigCommerce doubles value on its first day



at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...