“Shares in Andover.Net jumped more than 250 percent today,
another sign of investors’ strong appetite for Linux-related
companies.“
“Shares of Andover.Net began trading at 47.5–more than double
the offering price of $18. The shares closed at 63.38, a gain of
252.08 percent. The company trades under the ticker “ANDN.”
“Andover.Net, which operates Web sites with programming and
Linux news, also marked the third open IPO process for WR
Hambrecht. Under the open IPO process, individual investors can
acquire shares in an auction method, giving them the same
opportunity as institutional investors who get IPOs at the offering
price.”