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LWN: Linuxcare's S-1 Filing

Jan 20, 2000, 17:36 (1 Talkback[s])
(Other stories by Jonathan Corbet)

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"Linuxcare has filed its S-1 form, indicating its plan for an initial public offering of its stock. This is a much-awaited offering, selected by the media as perhaps being the next big success along the lines of VA Linux Systems. S-1 filings tend to be lengthy beasts, but this one outdoes many, weighing in at 1.2MB of legalese. For those who don't want to plow through the whole thing, here's LWN's summary."

"The plan is to issue $92 million worth of stock, which will trade under the symbol LXCR. The number of shares to be issued remains to be filled in; Linuxcare won't do that until near IPO time (probably March sometime). Given recent Linux IPO history, it would not be surprising to see an increase in the offering price - and thus the amount raised - before it's all over."

"The S-1 describes four areas of endeavor: professional services, technical support, education (training), and product certification. Linuxcare often makes a point of presenting itself as a "pure Linux services" company."

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