Apollo-backed Rackspaces files to go public: Reuters

San Antonio, Texas-based Rackspace, a cloud services company, has filed confidentially for an IPO that could value the company at more than $10 billion, reported Reuters.

San Antonio, Texas-based Rackspace, a cloud services company, has filed confidentially for an IPO that could value the company at more than $10 billion, reported Reuters. Rackspace is a portfolio company of Apollo Global Management LLC.

Source: Reuters