"Shares in VA Linux Systems soared eightfold today, setting
a new record for the largest first-day gain of any initial public
offering."
" 'VA is the mother of all price pops,' Peterson said, in
reference to the first trade. The company may unseat TheGlobe.com,
which currently holds the record for the largest first-day gain
with a 606 percent increase.
Soon after the initial trade, the shares climbed to 320. When
the dust settled, VA Linux shares had slid back to close at
239.25--a stunning 697.50 percent gain that sets a new record in a
year that has been dominated by high-flying IPOs."
