1 unchanged sentence
Market Information for Common Stock
−Removed: Our common stock has been listed on the Nasdaq Stock Market, under the symbol "RXT" since August 5, 2020.
+Added: Our common stock has been listed on the Nasdaq, under the symbol "RXT" since August 5, 2020.
Prior to that date, there was no public market for our common stock.
12 unchanged sentences
Stock Performance Graph
−Removed: The graph set forth below compares the cumulative total stockholder return on our common stock between August 5, 2020 (the date our common stock commenced trading on Nasdaq) and December 31, 2020 with the cumulative total return of (i) the Standard & Poor's ("S&P") 500 Index and (ii) the S&P 500 Information Technology Index over the same period.
+Added: The graph set forth below compares the cumulative total stockholder return on our common stock between August 5, 2020 (the date our common stock commenced trading on the Nasdaq) and December 31, 2021 with the cumulative total return of (i) the Standard & Poor's ("S&P") 500 Index and (ii) the S&P 500 Information Technology Index over the same period.
All values assume the investment of $100 in our common stock and both of the other indices on August 5, 2020 and assumes the reinvestment of dividends.
2 unchanged sentences
We caution that the stock price performance shown is not necessarily indicative of, nor is it intended to forecast, the potential future performance of our common stock.
−Removed: Company/Index August 5, 2020 August 31, 2020 September 30, 2020 October 31, 2020 November 30, 2020 December 31, 2020
+Added: Company/Index August 5, 2020 September 30, 2020 December 31, 2020 March 31, 2021 June 30, 2021 September 30, 2021 December 31, 2021
Rackspace Technology, Inc.
2 unchanged sentences
S&P 500 Information Technology Index $ 100.00 $ 102.62 $ 114.45 $ 116.44 $ 129.59 $ 131.06 $ 152.62
−Removed: Use of Proceeds
−Removed: On August 7, 2020, we completed the IPO, in which we issued and sold 33,500,000 shares of our common stock at a public offering price of $21.00 per share, for an aggregate offering price of $703.5 million.
−Removed: All shares in the IPO were registered under the Securities Act pursuant to a Registration Statement on Form S-1 (File No.
−Removed: 333-239794), which was declared effective by the SEC on August 4, 2020.
−Removed: The managing underwriters of our IPO were Goldman Sachs & Co.
−Removed: LLC, Citigroup Global Markets Inc.
−Removed: Morgan Securities LLC.
−Removed: We incurred underwriting discounts and commissions of $36.9 million and offering expenses of $8.8 million.
−Removed: Thus, our net offering proceeds, after deducting underwriting discounts and commissions and other offering costs, was $657.8 million.
−Removed: No payments were made to our directors or officers or their associates, holders of 10% or more of any class of our equity securities or any affiliates.
−Removed: The net proceeds from the IPO were contributed by us as capital contributions indirectly through our subsidiaries to Rackspace Technology Global, Inc., our wholly-owned subsidiary ("Rackspace Technology Global").
−Removed: We used a substantial portion of the net proceeds from the IPO to repurchase and cancel $601.0 million aggregate principal amount of our 8.625% Senior Notes due 2024 (the "8.625% Senior Notes").
−Removed: The remaining amount of net proceeds were used for general corporate purposes.
+Added: Unregistered Sales of Equity Securities
+Added: Not Applicable.
Issuer Purchases of Equity Securities
−Removed: ITEM 6 - SELECTED FINANCIAL DATA
−Removed: The selected financial data previously required by Item 301 of Regulation 10-K has been omitted in reliance on SEC Release No.33-10890.
+Added: ITEM 6 - [RESERVED]
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.