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    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

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