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NT: Open Source Software Firm LinuxOne Files $24M Of Stock For IPO

Sep 22, 1999, 17:56 (12 Talkback[s])

"LinuxOne Inc., an emerging developer and provider of open source software and services, today registered to sell 3 million common shares in an initial public offering."

"The Mountain View, Calif.-based company, which said the IPO is being "self-underwritten," expects to price the shares in the $6-to-$8 range, according to an SEC filing released today."

"Unlike proprietary software, open source software, including the company's LinuxOne operating system, has publicly available source code that can be copied, modified and distributed with minimal restrictions."

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