We advised the sales agent on the offering

Davis Polk advised the sales agent in connection with the SEC-registered at-the-market offering by Rackspace Technology, Inc. of its common stock for up to an aggregate amount of $250 million. The common stock is listed on the Nasdaq Global Select Market under the symbol “RXT.”

Rackspace Technology is a leading end-to-end hybrid cloud and AI solutions company. The company serves as a trusted operator of the full technology stack, from governed private cloud infrastructure to AI deployed in production environments. From edge to core to cloud, Rackspace Technology designs, integrates and operates the infrastructure, data foundations and software platforms required to deliver business outcomes with predictable cost, resilience, security and compliance. Rackspace Technology’s solutions are purpose-built for regulated and mission-critical environments where uptime, data sovereignty and operational accountability are essential.

The Davis Polk corporate team included partners Michael Kaplan and Emily Roberts and associates Paula Gergen, Rebecca Lei and Yan Zhan. The intellectual property team included partner Frank Azzopardi and associates Ryan Grawe and Anna Childress. The tax team included counsel Dustin Plotnick and associate Omar Hersi. Members of the Davis Polk team are based in the Northern California and New York offices.

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