Linux Today: Linux News On Internet Time.
Search Linux Today
Linux News Sections:  Developer -  High Performance -  Infrastructure -  IT Management -  Security -  Storage -
Linux Today Navigation
LT Home
Contribute
Contribute
Link to Us
Linux Jobs


Top White Papers

More on LinuxToday


The Register: Linuxcare files for $92m IPO

Jan 20, 2000, 17:19 (0 Talkback[s])
(Other stories by Tony Smith)

"Linux support and services specialist -- and one-time supposed Red Hat acquisition -- Linuxcare this week registered its decision to IPO with the US Securities & Exchange Commission (SEC)."

"The scheme calls for the release of an as yet undecided number of shares worth $92 million (which is very likely to change in the run-up to the issue) in total. The IPO is likely to take place in March, and Linuxcare stock will trade under the symbol 'LXCR'."

"The 'details' of the IPO come in Linuxcare's S1 SEC filing. The S1 also presents a good picture of what this privately owned company has been up to since its foundation just over a year ago. Take its finances. To 30 September 1999, the company had achieved revenues of $518,111, which clearly did little to offset the $10.6 million it has lost."

Complete Story

Related Stories: