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CNET News.com: LinuxOne aims to raise $24.75 million in IPO

Dec 24, 1999, 01:16 (5 Talkback[s])
(Other stories by Stephen Shankland)

"LinuxOne, founded in March, plans to offer 3 million shares at an expected price of $8.25 each. The firm no doubt is betting that it too will benefit from the warm reception Wall Street has given a series of Linux-related IPOs in recent months...."

"Like Red Hat and the other three publicly traded Linux specialists, LinuxOne also is in the red. But, unlike the gang of four, it has yet to produce any revenue, according to documents filed with the Securities and Exchange Commission. LinuxOne has reported a net loss of about $158,000 since its inception."

"As a gauge of how relatively new the company is, LinuxOne's first product entered beta testing the same month the company filed its intent to go public."

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