Rackspace Hosting, Inc

Signal Hill acted as co-manager to Rackspace Hosting, Inc. for its initial public offering on August 8, 2008. 15,000,000 shares priced through an auction process at $12.50/share for a total deal value of $187,500,000. Rackspace is the leading IT hosting specialist, managing web-based IT systems for businesses worldwide. Rackspace is headquartered in San Antonio, TX.