18.6 Rackspace is a Web hosting company that went public in 2008 (www.rackspace.com). The firm had sales

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18.6 Rackspace is a Web hosting company that went public in 2008

(www.rackspace.com). The firm had sales of $362 million in 2007. The firm went public via an OpenIPO auction process using bids for shares

(www.wrhambrecht.com/ind/auctions/openipo/index.html).

Examine the OpenIPO auction process and the Rackspace offering. What was the offer price and offering size? What was the post-money valuation of the firm? Was this valuation reasonable?

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Technology Ventures From Idea To Enterprise

ISBN: 9780073523422

3rh Edition

Authors: Thomas Byers, Richard C Dorf

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Question Posted: Oct 05, 2024 10:01 AM

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18.6 Rackspace is a Web hosting company that went public in 2008 (www.rackspace.com). The firm had sales

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Technology Ventures From Idea To Enterprise

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