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WideOpenNews.com: Linuxcare Discloses IPO Plans

Feb 29, 2000, 23:56 (0 Talkback[s])
(Other stories by Anne Speedie)

"In an amendment filed with the Securities and Exchange Commission Monday, San Francisco-based Linuxcare disclosed details for its upcoming IPO. The Linux services and support provider revealed it plans to sell 4.5 million shares of common stock at $13 to $15 a share in an IPO underwritten by Credit Suisse First Boston, Chase H&Q, and FleetBoston Robertson Stephens. Linuxcare originally filed to go public January 19, but had declined to state the number of shares to be sold and at what price."

"If shares sell at $14 a piece, Linuxcare would boast a market capitalization of $422.8 million -- quite a bit bigger than Caldera Systems' expected initial market cap of $306 million but considerably smaller than Red Hat's $8.5 billion or VA Linux's $4.3 billion. After the offering, there will be 30.2 million shares outstanding."

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