:NewsTraders.com: Caldera Systems Details IPO, To Offer 5M Shares In $7-$9 Range
NewsTraders.com: Caldera Systems Details IPO, To Offer 5M Shares In $7-$9 Range Feb 25, 2000, 16 :16 UTC (0 Talkback[s]) (2046 reads)
"Caldera Systems Inc., hoping to continue the eruption of Linux-related
IPOs, disclosed this morning that its pending offering will be comprised of 5
million common shares in the modest $7-to-$9 range.
"Based on the numbers released today, Caldera's potential market valuation
could be $306 million, a figure dwarfed by the gargantuan market
capitalizations of newly public Linux firms VA Linux (LNUX) and Andover.net
(ANDN), which are currently valued at about $5 billion and $681 million,
respectively.
"Net proceeds from the stock sale are forecast to come in at $35.2
million, cash that Caldera intends to ferret out to sales and marketing
activities, product development and support and general corporate purpose,
according to an amended S-1 filing."
