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ZDNet/WSJ: SEC probes IPO of VA Linux

Jan 08, 2001, 22:21 (1 Talkback[s])
(Other stories by Randall Smith, Susan Pulliam)


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"Regulators are examining why two investment funds obtained relatively large chunks of VA Linux's initial public stock offering."

"The Securities and Exchange Commission, intensifying its investigation into questionable IPO practices, is examining the activities of two little-known investment funds that obtained relatively large chunks of VA Linux Systems' initial public stock offering."

"The scrutiny of the funds, GLG Partners and Chelsey Capital, is part of a broader examination into whether some investors paid Wall Street firms unusually large trading commissions in exchange for slices of coveted IPOs, according to people familiar with the probe."

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