“The company set a share price range of $7 to $9, Caldera
Systems said in a filing with the Securities and Exchange
Commission today. The company, which first filed in January to go
public, expects to sell 5 million shares.”
“Caldera Systems had revenue of $553,000 for the quarter ended
Jan. 31, 2000, a slight increase over the $538,000 garnered in the
same quarter a year ago, the company said. The company had a net
loss of $5.5 million for the quarter, compared to a net loss of
$992,000 the same quarter the year before.”
“Because Linux is collectively created by open-source
programmers all over the world who share their software
improvements, Linux companies going public have undertaken
‘directed share’ programs to reward those programmers. Caldera
Systems is no exception, reserving up to 10 percent of the
shares being offered in the IPO, the company said. …
Caldera, though, has updated the process to include non-U.S.
programmers who haven’t been able to participate in past
IPOs.”