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WideOpenNews: Caldera's IPO Makes Strong Debut

Mar 22, 2000, 20:02 (0 Talkback[s])

"Caldera Systems' IPO shot through the starting line Tuesday, climbing 80 percent by midday trading, and almost 110 percent by the time the market closed. The company raised its offering price twice in the past few days, bumping up the share price from a range of $7 to $9 to today's $14 -- a move that garnered Caldera $70 million, about $25 million more than it originally anticipated."

" It's a respectable figure for a company that doesn't expect to turn a profit until at least 2002."

"Though its software and services model is similar to other Linux vendors, Caldera (which is backed by nameplates like Ray Noorda's Canopy Group Investments, Novell, SCO, and Sun Microsystems) is hoping to distinguish itself by favoring the ebusiness sector..."

"Caldera might not have broken any records on its first day of trading, but the fact that the Linux flag is still getting Wall Street's attention bodes well for future Linux companies..."

Complete story.

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