Will Rackspace 2.0 Be The Next Big Tech Ipo?

newsfeedback@fool.com (Eric Volkman), The Motley Fool
Thu, 04/19/2018 - 9:11am

Are we back in the late 1990s? It almost feels like that; some of the most notable initial public offerings (IPOs) recently have come from the tech sector. According to research from IPO specialist Renaissance Capital, they account for one-quarter of the IPOs hitting the market over the past year.Private equity operator Apollo Global Management (NYSE: APO) is apparently gazing in that direction -- it's considering a fresh IPO of its cloud computing management company Rackspace.Continue reading

Topics: renaissance capital ipos global management nyse apo rackspace ipo tech

Place your ad here
Loading...

BING NEWS:

The future of Google — and Big Tech — hangs in the balance at trial
How Google fares in the landmark antitrust trial will have huge regulatory implications for fellow tech giants Amazon, Apple, and Meta.
05/2/2024 - 7:10 am | View Link
SMBs’ Pain Points In Working With Big Tech (And How To Fix Them)
From budget constraints to a lack of in-house resources, SMBs often encounter challenges that make it difficult to take full advantage of Big Tech companies’ services.
05/2/2024 - 6:15 am | View Link
Big Tech's big green card problem
Big tech companies have backed off green card applications due to a tougher process and less intense competition for talent.
05/2/2024 - 6:12 am | View Link
Micron, GM join Big Tech on this list of 20 biggest winners this earnings season
Companies in the S&P 500 increasing sales by double digits while improving profit margins also include Netflix, two home builders and American Express.
05/2/2024 - 3:51 am | View Link
Big Tech's AI spending spree comes with a catch
Buckle up, we're going to spend a lot more money on artificial intelligence. Amazon (AMZN), Alphabet (GOOG, GOOGL), Microsoft (MSFT), and Meta (META) have all revealed aggressive new commitments to ...
05/2/2024 - 3:19 am | View Link
More

More Movie News

More Business News

Tim Cook says Apple is uniquely well-positioned for AI
Fast Company, Thursday - 05/02/2024 - 11:15 PM
iPhone sales may be slow, but Apple’s CEO argues the company is primed to seize the AI moment. After announcing March quarter revenues reflecting weak iPhone sales, Apple CEO Tim Cook seemed eager to assure analysts that his company is working hard to integrate AI into its products and services. On Thursday, he mentioned “AI” in various contexts early and often in his opening comments during Apple’s call going over the financial results.
More | Talk | Read It Later | Share
In an unprecedented move, Trump Media asks Congress to investigate 8 firms for short selling its stock
Fast Company, Thursday - 05/02/2024 - 09:30 PM
Despite the company’s high valuation and low revenue, Trump Media is asking House Republicans to go after short sellers. Investors in Trump Media could use some Dramamine. The holding company of Donald Trump’s Truth Social has seen its stock take a roller-coaster ride in its short time on the market, with fluctuations ranging from around $66 to $22 in just one month’s time.
More | Talk | Read It Later | Share
African climate startups have a huge funding gap. Here’s what experts say
Fast Company, Thursday - 05/02/2024 - 09:00 PM
The money raised by climate tech startups last year was more than a third of all funds raised by startups in Africa in 2023. When Ademola Adesina founded a startup to provide solar and battery-based power subscription packages to individuals and businesses in Nigeria in 2015, it was a lot harder to raise money than it is today.
More | Talk | Read It Later | Share
FTC greenlights Exxon-Pioneer megadeal with a caveat. It’s still a good sign for energy mergers
Fast Company, Thursday - 05/02/2024 - 07:30 PM
The agency barred Pioneer’s former CEO from Exxon’s board on allegations that he attempted to collude with OPEC to raise oil prices. On Thursday U. S. regulators gave the go-ahead to Exxon Mobil’s $60 billion purchase of Pioneer Natural Resources, but barred Pioneer’s former CEO from Exxon’s board on allegations that he attempted to collude with OPEC to raise oil prices.
More | Talk | Read It Later | Share
25,000 people begin taking Wegovy each week, but Novo Nordisk stock is sinking anyway
Fast Company, Thursday - 05/02/2024 - 06:35 PM
While sales of the blockbuster drug nearly doubled, the results still fell short of analysts’ expectations as the company faces competition from Eli Lilly. Danish drugmaker Novo Nordisk, the creator of Ozempic and Wegovy, announced a shocking statistic Thursday: Over 25,000 people begin Wegovy each week. The number is five times larger than the numbers from December—about 5,000 new users a week.
More | Talk | Read It Later | Share
IT sector and firms in Colorado and DC are driving AI use, Census Bureau researchers say
Fast Company, Thursday - 05/02/2024 - 06:00 PM
The type of work AI was used for the most included marketing tasks, customer service chatbots, getting computers to understand human languages, text and data analytics, and voice recognition. The rate of businesses in the U. S. using AI is still relatively small but growing rapidly, with firms in information technology, and in locations like Colorado and the District of Columbia, leading the way, according to a new paper from U.
More | Talk | Read It Later | Share

Will Rackspace 2.0 Be The Next Big Tech Ipo?

Welcome to Wopular

MoviesWithButter : Our Sister Site

More Business News