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ZDNET UK: VA Linux set for flotation

Dec 09, 1999, 16:12 (0 Talkback[s])
(Other stories by Larry Dignan)

"VA Linux will make its market debut Thursday with 4.4 million shares priced at $30 (£19) each."

"VA Linux upped its price range twice leading up to the offering. On Wednesday, the company said its new range was $28 to $30 per share, up from the $21 to $23 announced Tuesday, and far above the original price range of $11 to $13. The company sells systems running Linux, a freely available Unix variant largely developed by a grassroots community of software writers."

"The market in recent weeks has furiously traded Linux-related stocks, including Andover.net, which soared in its public debut Wednesday. VA Linux will use the IPO proceeds to fund operating expenses, including broadening its professional services organization, hiring more research and development staff, and expanding sales into Europe."

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