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NT: VA Linux Systems Sets IPO Terms, Sees 4.4M Shares At $11-$13 Each

Nov 15, 1999, 16:23 (0 Talkback[s])


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"VA Linux Systems Inc., a provider of software and products based on the up-and-coming Linux operating system, laid out the specifics of its pending IPO today, revealing that it will offer 4.4 million common shares in the $11-to-$13 range."

"In its original filing, dated Oct. 8, VA Linux registered $70 million of stock for the deal, but did not disclose the number of shares to be involved or a per-share price range for the stock."

"VA Linux has trimmed the size of the stock sale somewhat, and now expects the aggregate offering price to be $65.8 million, according to an amended regulatory document released this morning."

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