Rackspace Files for IPO April 25, 2008 - Web Hosting provider Rackspace Inc. filed its intentions to go public through an IPO led by Goldman Sachs. The profitable and fast growing managed hosting provider indicated plans to raise $400M. The S-1 filing, which can be found here, indicated some significant recent growth by Rackspace. Rackspace's revenue for 2007 was ~ $362 million. Rackspace's net profit for 2007 was ~ $17 million. Rackspace had 2,021 employees at the end of 2007. Rackspace bought $7.3M worth of power in 2007 for their data centers. Rackspace has raised $39.6 million in equity capital since formation. At year-end 2007, Rackspace hosted 36,000 servers in their US and UK data centers. Rackspace Links Rackspace Corporate Website - click here Rackspace IPO Website - click here April 25 2008 IPO Filing - click here Article on Rackspace's Philosophy to its Cost of Capital - click here To find your own dedicated server hosting company, visit our Dedicated Server Showcase Host Unlimited Websites with this Top Ranked Hosting Company