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  1. #1

    Rackspace going public

    I heard the other day from a very reliable source that this is a fact and they expect it to happen sooner rather than later. Since they seem to set the bar anyway seems it was only a matter of time. Anyone else aware of this or am I the only one? Searched the forum before I posted and nothing came up. Seems like a significant development to me...

  2. #2
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    Any links?

  3. #3
    Quote Originally Posted by IH-Rameen View Post
    Any links?
    Nope. I got it verbally from a close friend who is neighbors with one for the bankers working the deal.

  4. #4
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    Quote Originally Posted by serverboy View Post
    Nope. I got it verbally from a close friend who is neighbors with one for the bankers working the deal.
    Ah, what a reliable source.

  5. #5
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    The boyfriend of my neighbours cousin is a big friend of a guy 200 miles from here and he heard that the dad of a friend of one of his friends wiieee!

  6. #6
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    I think depending on who the source is it might be accurate.
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  7. #7
    What I'm wondering is that wouldn't this information be considered "inside information", which by SEC law, is highly illegal to be released...

    But, if you want to know if a company is going public or not, look to see if they put an IPO (Initial Public Offering) out there. There are websites out there that track this information.

  8. #8
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    it your nick were "serverman", people may trust you more
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  9. #9
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    Quote Originally Posted by Armadillos View Post
    What I'm wondering is that wouldn't this information be considered "inside information", which by SEC law, is highly illegal to be released...

    But, if you want to know if a company is going public or not, look to see if they put an IPO (Initial Public Offering) out there. There are websites out there that track this information.
    WHat is the inside information? The stock isn't publicly traded, so there is no inside and outside, being privately owned all the information they want can be kept "inside." The IPO will be a publicly announced event, this would simply be an indication to look out for that future event, there is really little to be gained or lost from that information being out there, unless they're just looking for a private buyer.
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  10. #10
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    I call BS.
    If it's true, best to keep it secret or sell the info instead of posting it here.
    There's no reason to actually announce it here UNLESS it's by rackspace agent trying to garner public opinion.
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  11. #11
    So? While they might be seen as a reliable company in this field, they aren't the biggest, you don't hear about them like you would for some company like Google. I really don't imagine you'd be making a lot by investing in Rackspace to be honest. Though, if you believe they are a solid company that you'd like to be a part of and maybe make a profit and believe they'll grow your portfolio, then by all means, got for it. Beyond that, I really don't see the big hoopla.

  12. #12
    I think its highly unlikely rackspace would go public, especially given that the market is up and down like a yo-yo with it mostly being down.
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  13. #13
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    It won't be successful. No IB would _touch_ a rackspace IPO, or any other DC provider for that matter.

    Stop cluttering the board with bs......

  14. #14
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    Quote Originally Posted by utropicmedia-karl View Post
    It won't be successful. No IB would _touch_ a rackspace IPO, or any other DC provider for that matter.
    Funny, I could swear that TeleCityRedbus have just gone public again Also it's rumoured that Interxion (20 facilities around EU) are looking to go public as well.
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  15. #15
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    Quote Originally Posted by utropicmedia-karl View Post
    It won't be successful. No IB would _touch_ a rackspace IPO, or any other DC provider for that matter.

    Stop cluttering the board with bs......
    I would have to disagree. I think they might do pretty well

    Public Company Valuations (as of 11/8/2007):

    The table below summarizes the current trading values for some of the public hosting companies.

    Annualized
    Revs ($ MM) Enterprise Value/Ann Rev Multiple Chg since 1/5/2007
    Hostopia (Shared) $25.1 1.8 +11%
    Peer1 (Dedicated & Colo) $75.2 2.7 +146%
    Navisite (Complex managed & other) $138.8 3.2 +16%
    Savvis (Complex managed & other) $761.2 3.0 +0%


    good luck trying to get that kind of multiple trying to sell a private hosting company.

    Look at Navisite I think they compare closest trading at 3.2x annualized rev where the private market space is trading at about 1-1.2x
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