Rackspace was taken private, saddled with a bunch of debt while the stuffing cash into Apollo's pocket, and then re-IPO'd so Apollo could fleece the market. Ma

Rackspace was taken private, saddled with a bunch of debt while the stuffing cash into Apollo's pocket, and then re-IPO'd so Apollo could fleece the market. Major IPOs go into 401ks, Wall street wins, the average American is left holding the bag. Rackspace currently has $5B in liabilities! Any fund manager that bough Rackspace after it re-IPO's should be in prison for fraud. The banks that underwrote the IPO should be in prison for fraud.