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Tag: rackspace

Posted inBusiness & Development

‘Shark Tank’ meets NCAA Final Four: Tech pitch contest calls for entries

Avatar photo by Waylon Cunningham August 4, 2021August 3, 2021
Rackspace is leaving its 1.2 million square feet of office space in Northeast San Antonio for a smaller location.
Posted inBusiness & Development

Rackspace to terminate 10% of its workforce, with most to be offshored

Avatar photo by Waylon Cunningham July 22, 2021July 23, 2021
A recent SEC filing by Rackspace shows that their former Technology CEO Kevin Jones could receive more than $3 million under transition agreement.
Posted inTechnology

Rackspace ‘transformed’: How San Antonio’s biggest tech firm refined its business model to stay relevant

Avatar photo by Waylon Cunningham May 11, 2021May 11, 2021
Posted inBusiness & Development

Their office holiday parties canceled, employers plan virtual and drive-thru events

Avatar photo by Shari Biediger December 4, 2020December 3, 2020
Rackspace Technology has successfully raised $507 million in its earliest round of buying back shares to go toward paying off its outstanding bond debt.
Posted inTechnology

Rackspace raises $500M as company chips away at billions in debt

Avatar photo by Lindsey Carnett August 27, 2020August 27, 2020
Posted inBusiness & Development

Rackspace offers to purchase up to $600M of its debt

Avatar photo by Lindsey Carnett August 13, 2020August 13, 2020
Rackspace Technology's stock slid in its Nasdaq debut on Wednesday, decreasing nearly 20 percent from its set IPO pricing of $21 per share.
Posted inBusiness & Development

Rackspace stock slides as IPO launches on Nasdaq

Avatar photo by Lindsey Carnett August 5, 2020August 10, 2020
According to a Reuters report, Rackspace shares are set to begin trading at $21 on the Nasdaq on Wednesday, the expected launch of the company's IPO.
Posted inBusiness & Development

Report: Rackspace IPO pricing at low end of company’s targeted range

Avatar photo by Lindsey Carnett August 4, 2020August 10, 2020
Posted inBusiness & Development

Here’s How Much Rackspace Hopes to Raise as the SA Tech Company Prepares an IPO

Avatar photo by Lindsey Carnett July 27, 2020July 29, 2020
Posted inBusiness & Development

Rackspace Readies Long-Awaited Return to Public Market, Eyes Nasdaq

Avatar photoAvatar photo by Shari Biediger and Lindsey Carnett July 10, 2020July 10, 2020

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