Why aren’t Rackspace and BigCommerce worth more?

This week has brought with it two tasty pieces of IPO news — Rackspace’s return to the public markets and BigCommerce’s debut will be far more interesting now that we know what a first-draft valuation for each looks like. But amidst the numbers is a question worth answering: why aren’t cloud-focused Rackspace and e-commerce-powering BigCommerce […]...