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Mailtrust (a Blacksburg-based division of Rackspace) will be involved in an IPO on Friday. The ticker symbol will be RAX and will be on the NYSE. According to one media outlet, shares will be introduced between $12-$16 a share with the goal of raising $400 million. This is significant for the region because Mailtrust (formerly Webmail.us) was pruchased by Rackspace within the last year. This demonstrates the quality of technology, people and firms that are being generated from the region
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