Rackspace Hosting, Inc. (RAX) announced late Thursday that its IPO will be priced at $12.50 per share, near the low end of the expected range of $12 to $16.
A look at what the financial blogs and news sites are saying about tomorrow's IPO for Rackspace (RAX).
For Rackspace, Thursday's initial public offering (IPO) is a major step in its push into cloud computing.
Rackspace expects its IPO shares to be priced at $12 to $16, which could raise between $207 million and $276 million.
Rackspace has expanded to Hong Kong, leasing about 9,000 square feet of data center space from PCCW.
Rackspace has sent letters to other hosting companies about the use of "rackspace" as a keyword for advertising campaigns on Google.