“Caldera Systems Inc., hoping to continue the eruption of
Linux-related IPOs, disclosed this morning that its pending
offering will be comprised of 5 million common shares in the modest
$7-to-$9 range.
“Based on the numbers released today, Caldera’s potential market
valuation could be $306 million, a figure dwarfed by the gargantuan
market capitalizations of newly public Linux firms VA Linux (LNUX)
and Andover.net (ANDN), which are currently valued at about $5
billion and $681 million, respectively.
“Net proceeds from the stock sale are forecast to come in at
$35.2 million, cash that Caldera intends to ferret out to sales and
marketing activities, product development and support and
general corporate purpose, according to an amended S-1 filing.”