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Reuters: Linux Internet site Andover.Net seeks $49.6 mln IPO

Sep 16, 1999, 23:53 (5 Talkback[s])

"Andover.Net Inc., an Internet destination for Linux/Open Source resources, filed to raise $49.6 million in an initial public offering, a Securities and Exchange Commission filing said."

"The Acton, Mass.-based company describes itself as the leading destination on the Internet for products, online tools, news and other services for Linux and Open Source communities, the collaborative approach to the development and distribution of alternative software traditional software products."

"Andover.Net plans to sell four million shares as part of the IPO and will have 15 million shares outstanding once the sale is completed, the filing said."

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