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Reuters: Linux Internet site Andover.Net seeks $49.6 mln IPO

“Andover.Net Inc., an Internet destination for Linux/Open Source
resources, filed to raise $49.6 million in an initial public
offering, a Securities and Exchange Commission filing said.”

“The Acton, Mass.-based company describes itself as the leading
destination on the Internet for products, online tools, news and
other services for Linux and Open Source communities, the
collaborative approach to the development and distribution of
alternative software traditional software products.”

Andover.Net plans to sell four million shares as part of
the IPO and will have 15 million shares outstanding once the sale
is completed, the filing said.


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