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SJ Mercury/Reuters: VA Linux skyrockets in debut trading

Dec 09, 1999, 18:41 (3 Talkback[s])

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"Shares of VA Linux Systems Inc. , a maker of computer systems and servers that run the Linux operating system, skyrocketed over 800 percent in its debut trading, after its IPO was priced at $30 a share."

"VA Linux shares were up 244 to 274 a share in their debut on the NASDAQ in mid afternoon trading, after a long delay in opening, with a surge of over 800 percent...."

"IPO analysts last week had predicted that VA Linux would do extremely well, amid a euphoria among investors for anything related to the Linux operating system, but few had predicted a walloping gain in the range of 800 percent."

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