“Shares of VA Linux Systems Inc. , a maker of computer systems
and servers that run the Linux operating system, skyrocketed over
800 percent in its debut trading, after its IPO was priced at $30 a
share.”
“VA Linux shares were up 244 to 274 a share in their debut
on the NASDAQ in mid afternoon trading, after a long delay in
opening, with a surge of over 800 percent….“
“IPO analysts last week had predicted that VA Linux would do
extremely well, amid a euphoria among investors for anything
related to the Linux operating system, but few had predicted a
walloping gain in the range of 800 percent.”