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LA Times: A $53-Million IPO for VA Linux Could Cap the Season, but Can It Top Red Hat?

Dec 06, 1999, 17:26 (1 Talkback[s])
(Other stories by Debora Vrana)

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"A projected $53-million initial public offering from VA Linux Systems Inc., a Sunnyvale, Calif.-based servicer of Linux operating systems, is expected to be one of the hottest IPOs of December, perhaps of the year."

"But it remains to be seen whether the VA Linux offering, scheduled to be priced this week, will replicate the blockbuster success of the IPO from competitor Red Hat Inc...."

"VA Linux, which builds systems to commercial customer specifications and provides support services, has plenty going for it: revenue that has more than tripled over the last three quarters, customers such as IBM and EToys and early investors such as the prestigious venture capital firm Sequoia Capital and chip giant Intel Corp."

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