“Caldera Systems today increased its pricing range 11
percent at $8 to $10 a share. Based on the high end of its
range and the 5 million shares it expects to sell, the company
could raise $50 million.”
” ‘Linux companies have been getting huge pops, then the stocks
settle back,’ said Jeff Hirschkorn, senior analyst with IPO.com.
‘Even though Caldera raised their range today, I expect to see
another increase before they go out. And no matter what price they
set, these companies always seem to go higher (when they
debut).’ “
“Caldera is expected to price Thursday and begin
trading Friday under the ticker ‘CALD.’ Robertson Stephens is
the lead underwriter.”