Lou v. Elliot: Rackspace IPO

One 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.