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WideOpenNews.com: Linuxcare Discloses IPO Plans

“In an amendment filed with the Securities and Exchange
Commission Monday, San Francisco-based Linuxcare disclosed details
for its upcoming IPO. The Linux services and support provider
revealed it plans to sell 4.5 million shares of common stock at $13
to $15 a share in an IPO underwritten by Credit Suisse First
Boston, Chase H&Q, and FleetBoston Robertson Stephens.
Linuxcare originally filed to go public January 19, but had
declined to state the number of shares to be sold and at what
price.”

“If shares sell at $14 a piece, Linuxcare would boast a
market capitalization of $422.8 million — quite a bit bigger than
Caldera Systems’ expected initial market cap of $306 million but
considerably smaller than Red Hat’s $8.5 billion or VA Linux’s $4.3
billion.
After the offering, there will be 30.2 million shares
outstanding.”

Complete
Story