Milpitas-Based Rackable to Sell Another 7.5 Million shares in Offering

Milpitas, Calif. -- Just three months after raising $46.4 million in a public offering, Rackable Systems, a Milpitas-based maker of servers and storage products for data centers, on Wednesday announced plans to offer another 7.5 million shares in a public offering that could raised more than $260 million. The company said that it will sell about 3.35 million of the shares it owns, with selling shareholders offering the remainder. Rackable has seen the value of its stock triple since raised $75 million in its initial public offering in mid-2005. Its customers include Microsoft, Dell, Sun and IBM.
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