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CNET News.com: VA Linux Systems set for huge first trading day

Dec 09, 1999, 18:27 (1 Talkback[s])
(Other stories by Stephen Shankland)

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"The company expected to sell 4.4. million shares at $11 to $13 apiece. It raised that estimate to $21 to $23 this week. But when it sold the shares today, they went for $30...."

"Linux stocks were hotter than usual today as several companies wedded to the open-source operating system saw their stocks climb in midday trading. Andover.Net, a news, programming and software site that went public yesterday, rose 25 percent to a new high of 79...."

"VA Linux is expected to begin public trading later today on the Nasdaq market under the symbol "LNUX."

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