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...
it your nick were "serverman", people may trust you more
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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.
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.
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.