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Apollo-owned cloud company Rackspace shares slump 20% in Nasdaq debut

Apollo-owned cloud company Rackspace shares slump 20% in Nasdaq debut

Shares of cloud services firm Rackspace Technology Inc plunged nearly 20% after making their Nasdaq debut on Wednesday, after the company owned by Apollo Global Management sold shares to investors in its $703.5 million initial public offering. The stock opened at...
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