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Electric vehicle charge network ChargePoint bags $127 million from investors

FILE PHOTO: An electric car is charged by a mobile charging station on a street in Prague, Czech Republic, December 4, 2018. Picture taken December 4, 2018. REUTERS/David W Cerny/File Photo

(Reuters) – ChargePoint, one of the world’s oldest and largest electric vehicle charging networks, has closed on a $127 million funding round, much of it from existing investors, the company said on Wednesday.

The latest equity financing round gives ChargePoint a total of $660 million raised since its founding in 2007, and most of that has come in the past four years. Before this raise, the company was valued at $1.25 billion by investor website PitchBook.

Based in Campbell, California, on the southern edge of Silicon Valley, ChargePoint has attracted funding from both private venture investors and large strategic investors, including German automakers Daimler AG and BMW, German electronics supplier Siemens AG, the venture arm of oil giant Chevron

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Rackspace IPO prices at bottom of target range to raise about $703 million

(Reuters) – Cloud services firm Rackspace Technology Inc RXT.O sold shares in its initial public offering (IPO) on Tuesday at $21 per share, the bottom end of its target range, to raise $703.5 million, the company said.

The IPO valued San Antonio, Texas-based Rackspace, which is owned by private equity firm Apollo Global Management (APO.N), at $4.18 billion, excluding debt.

The company had aimed to sell 33.5 million shares at a target price range of $21-$24 per share.

The IPO bucks the recent trend of strong appetite from investors for cloud computing companies as the novel coronavirus outbreak drives more businesses to operate digitally and rely on cloud computing for more of their workflow.

Other cloud companies such as Ncino Inc NCNO.O and Kingsoft Cloud Holdings Ltd KC.O have seen their share prices more than double since going public earlier this year.

Rackspace has historically leased server space

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U.S. coronavirus fraud losses near $100 million as COVID scams double

LOS ANGELES (Reuters) – U.S. losses from coronavirus-related fraud and identity theft have reached nearly $100 million since the pandemic emerged in March, while complaints of COVID-19 scams have at least doubled in most states, a consumer protection group said on Tuesday.

FILE PHOTO: A man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. C REUTERS/Kacper Pempel/Illustration

A report from the group, based on government data, highlighted the vast scope of a fast-growing criminal cottage industry – from phony stimulus-check offers to shopping scams and fake cures – preying on Americans already distressed by the pandemic and its economic fallout.

Perhaps not surprisingly, the study found California, Florida, New York, Texas and Pennsylvania – the most populous of the 50 U.S. states – to be the five most targeted by coronavirus scams in the country.

Together they accounted

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Australia’s Telstra to sell Melbourne data centre for about $300 million

(Reuters) – Australia’s largest telecom company Telstra Corp (TLS.AX) said on Wednesday it will sell its Clayton data centre facility in Melbourne to property firm Centuria Industrial REIT (CIP.AX) for A$416.7 million ($298.4 million).

The facility, to be sold by the end of August, has 10 buildings including Telstra’s latest 6.1 megawatt data centre.

Chief Executive Andrew Penn said the company had now sold more than A$1.5 billion worth of assets as part of a strategy announced in 2018 to strengthen its balance sheet.

However, the telecom firm will retain ownership of all ITand telecom equipment at Clayton and be responsible for building upgrades, repairs and future capex requirements as part of a triple-net lease-back arrangement with New South Wales-based Centuria.

Shares of Centuria went into a trading halt on Wednesday as the company is expected to announce a capital raise to finance the purchase of

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