“Investors are expected to turn a more critical eye toward new
issues, examining business models more carefully, as the summer
doldrums come to an end and the initial public offering market
comes back to life.”
“Another hot area, following software firm Red
Hat’s success, will be other Linux-related firms. … San
Francisco-based Linuxcare Inc. and VA Linux Systems Inc. file
to go public sometime this year, analysts said. Linuxcare,
which provides services for Linux software users, said in May it
received its first round of financing led by venture capital firm
Kleiner Perkins Caulfield & Byer. VA Linux Systems Inc.
received a second round of financing in June totaling $25 million
from investors including SGI, Intel Corp. and Sequoia Capital.”