The Register: Linuxcare significantly downgrades IPO expectations

"Linux services company Linuxcare has massively downgraded its IPO expectations - or so its latest filing with the US Securities and Exchange Commission would seem to suggest."

"The company's previous filing, which simply registered its intention to go public, set its IPO-derived fund-raising target at $92 million. But a follow-up filing made last week noted that Linuxcare expects to raise just $56.6 million."

"...the first filing doesn't have to indicate how many shares the company will offer. This time, Linuxcare said it will offer 4.5 million shares, but it's not known whether that marks a reduction in the amount of stock to put up for sale - hence the lower proceeds - or whether the company expects to make less money per share."

Complete Story

Related Stories:

• CNET News.com: Linuxcare plans to raise $56.6 million in IPO(Mar 03, 2000)
• Linux Journal: Linuxcare's IPO Becomes Clearer(Mar 02, 2000)
• WideOpenNews.com: Linuxcare Discloses IPO Plans(Feb 29, 2000)
• E-Commerce Times: Linuxcare Establishes Asian Operations(Feb 28, 2000)
• LinuxPR: Linuxcare's New German Office Extends Open-Source Software Support(Feb 25, 2000)
• E-Commerce Times: Linuxcare and E-Commerce Go 'Windward'(Feb 18, 2000)
• The Register: Linuxcare files for $92m IPO(Jan 20, 2000)