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E-Commerce Times: LinuxOne IPO Aims to Duplicate Red Hat Success

Sep 24, 1999, 16:14 (8 Talkback[s])
(Other stories by Matthew W. Beale)

"LinuxOne, Inc., a newly-formed developer of open-source software products and services, this week filed for an IPO (initial public offering) with the Securities and Exchange Commission. The announcement marks the second "post-Red Hat" Linux-related public stock move."

"According to the filing, the Mountain View, California-based company is looking to raise $24 million (US$) through the sale of 3 million shares of its common stock. According to a LinuxOne statement, the stock price will fall somewhere between $6 and $8."

"Although LinuxOne has not yet disclosed information regarding the underwriters of the IPO, the company has indicated that it has applied to sell its shares on Nasdaq under the symbol "LINX." LinuxOne offers tools, services and products -- including its LinuxOne packaged operating system (OS) -- for Linux and other open-source communities through its Web site."

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