As well all know, the dot-com burst was all about crazy valuations and IPOs of web businesses with no business models behind them. Ma and Pa investors got burnt and a decade on the viability of IPOs in general are still being affected.

So it was cool to see that Rackspace, the Texan (where even Data-centres are bigger than Texas) data centre business is embarking on an IPO – selling 15 million shares at $12.50 each. Rackspace is a good solid profitable business from all accounts, and this IPO is apparently designed to bring in some capital to fund some investment in hardware – designed to make Rackspace more competitive in the cloud-computing environment.

Update – yes I know the Rackspace shares have drpped since listing – but give them time…..

Ben Kepes

Ben Kepes is a technology evangelist, an investor, a commentator and a business adviser. Ben covers the convergence of technology, mobile, ubiquity and agility, all enabled by the Cloud. His areas of interest extend to enterprise software, software integration, financial/accounting software, platforms and infrastructure as well as articulating technology simply for everyday users.

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