Technology

Rackspace files for IPO, disclosing slow revenue growth and $4B in debt

Rackspace Technology Inc. today submitted the paperwork for an initial public offering, disclosing in its S-1 filing that it generated revenue of $2.4 billion last year and has nearly $4 billion worth of outstanding debt as of March. Rackspace is a managed services provider that helps enterprises build and run multicloud environments. It also operates in […]

The post Rackspace files for IPO, disclosing slow revenue growth and $4B in debt appeared first on SiliconANGLE.

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