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NT: Linux-Based Web Hosting Concern Rackspace.com Files For $65M IPO

Mar 29, 2000, 04:40 (0 Talkback[s])

"Although the frenzy for Linux has recently made way for the trendier B2B sector, Rackspace.com Inc. -- which refers to itself as the pioneer in outsourced Web servers -- today filed to register $65 million of common stock for an initial public offering."

"Rackspace.com provides advanced Linux-based Internet hosting services for small- to medium-sized businesses, providing these enterprises with a dedicated server, networking facilities, and the technical support they need to establish and maintain their Internet operations."

Press release.