Rackspace closed ~22{9a01d93bf7b2c28a1b31ca31fecd25f15e15c35cfb9f5daef6a59cb9fcd1aa14} down on its first day of trading, after raising $704M in its IPO, and now has a market value of $3.26B (Bloomberg)

Bloomberg:

Rackspace closed ~22{9a01d93bf7b2c28a1b31ca31fecd25f15e15c35cfb9f5daef6a59cb9fcd1aa14} down on its first day of trading, after raising $704M in its IPO, and now has a market value of $3.26B  —  – Cloud computing firm Rackspace has year’s worst debut in U.S.  — Fellow Texas firm BigCommerce doubles value on its first day