“Linuxcare Inc., provider of services for the Linux operating
system, said on Monday it plans to sell 4.5 million shares for
between $13-$15 a share in its initial public offering.”
“The company plans to net $56.6 million from the offering to be
used for working capital, funding operating losses, expanding its
information technology infrastructure and capital
expenditures.”
“The terms of the offering were revealed for the first in an
amended prospectus filed with the Securities and Exchange
Commission.”