UPDATED: CNET News.com: VA Linux storms Wall Street with 698 percent gainDec 10, 1999, 01:45 (0 Talkback[s])
"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."