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Reuters: Linuxcare sets IPO at 4.5 mln shares, $13-$15/shr

Feb 29, 2000, 17:28 (0 Talkback[s])

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"Linuxcare Inc., provider of services for the Linux operating system, said on Monday it plans to sell 4.5 million shares for between $13-$15 a share in its initial public offering."

"The company plans to net $56.6 million from the offering to be used for working capital, funding operating losses, expanding its information technology infrastructure and capital expenditures."

"The terms of the offering were revealed for the first in an amended prospectus filed with the Securities and Exchange Commission."

Press Release