At first glance, it’s unclear if or how the current coronavirus pandemic and related U.S. economic shutdown will impact Rackspace’s plans. But take a closer look, and Rackspace appears upbeat about the continued shift toward cloud and managed services amid the pandemic.
Amid the work from home (WFH) wave, businesses continue to shift IT workloads toward Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform (GCP). Rackspace ranks among the Top 200 Public Cloud MSPs, according to ChannelE2E research, and the MSP supports each of those platforms.
Rumored Rackspace IPO Filing Follows Business Evolution
Rackspace has confidentially filed for an IPO with the U.S. Securities and Exchange Commission and is planning to proceed with a stock market debut as soon as the volatility that has been fueled by the pandemic subsides, Reuters reports.
Potential MSP Technology Company IPOs: Watching Datto, Kaseya
Meanwhile, it’s unclear if or how the pandemic will impact potential IPOs in the MSP-centric technology sector. Datto and Kaseya had been exploring potential IPOs for the first half and second half of 2020, respectively, sources tell ChannelE2E. But ChannelE2E does not know if those plans have shifted amid the pandemic.