Rackspace Hosting Celebrates IPO On NYSE

"We are pleased to welcome Rackspace Hosting to our family of NYSE-listed companies," said Catherine R. Kinney, NYSE Euronext Group Executive Vice President and Head of Global Listings. "NYSE Euronext looks forward to providing Rackspace Hosting and its shareholders with the superior services and global brand visibility associated with listing on NYSE Euronext markets."

"Going public on the New York Stock Exchange is a major milestone for our company and will help us achieve our goal of changing the way businesses buy IT services," said Lanham Napier, President and CEO, Rackspace Hosting. "Our IPO and NYSE listing will enable us to continue our mission to be one of the world's greatest service companies and deliver our brand of customer service, known as Fanatical Support, to businesses worldwide."

To celebrate the occasion, Rackspace Hosting President and CEO Lanham Napier, accompanied by company executives, rang The Opening BellSM at the New York Stock Exchange joined by Duncan L. Niederauer, NYSE Euronext CEO.

Click here for the photo of The Opening Bell.

NYSE Euronext and Technology Companies

• Of the 64 technology IPOs that listed on NYSE or NASDAQ in 2007, 14 out of 16 of those qualifying for the NYSE selected the Exchange as their IPO venue. A total of 18 new technology companies joined NYSE Group markets as new listings in 2007.

• In 2007, Technology issuers raised in excess of $5.4 billion on NYSE Group markets, more than IPO proceeds raised by technology companies on Nasdaq OMX markets.

A registration statement relating to the securities has been filed with and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. -- www.nyse.com