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Apollo Is Considering IPO of Cloud-Hosting Firm Rackspace

  • Firm has held early talks about starting process this year
  • Apollo delisted company in 2016, bought peer Datapipe in 2017
Rackspace's San Francisco Outpost Fights For Dot-Com Talent

Photographer: Noah Berger/Bloomberg

Apollo Global Management LLC is considering an initial public offering of cloud-computing company Rackspace Hosting Inc., people with knowledge of the matter said.

The private equity firm has held early talks with advisers and may seek to begin the process before the end of the year, said the people, who asked not to be identified because they weren’t authorized to speak publicly.