Lou v. Elliot: Rackspace IPO
- By David Snead on August 13, 2008
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FacebookOne of the issues that came up in the metrics that matter panel at HostingCon was the Rackspace IPO. Rackspace's Red Herring estimated a $12-$16 price. Lou Honick believed that the IPO would price out in the higer range ($14 to $16) Elliot Noss in the lower range ($12 to $14). Each bet $500 on their position. Based on a final price of $12.50 (and falling), I say that Lou needs to fly up to Toronto and deliver the novelty check in person.
David Snead is a lawyer whose practice is focused on internet infrastructure providers. In his eleven years in this practice, he has represented clients including multinationals, middle tier hosting companies, and two guys, a server, a T-1 and a huge MasterCard balance. A long-time WHIR contribut... (Read full bio)
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