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Linux Journal: Linuxcare's IPO Becomes Clearer

Mar 02, 2000, 04:37 (1 Talkback[s])
(Other stories by David Penn)

"Linuxcare revealed in an amendment to its S-1 filing to the Security and Exchange Commission that it plans to sell 4.5 million shares of common stock at $13 to $15 per share in its upcoming initial public offering (IPO)...."

"Market capitalization" refers to the total dollar value of outstanding stock in a given company. Essentially a measure of a company's size, market capitalization is determined by multiplying the number of outstanding shares times the current market share price. After its IPO, Linuxcare will have approximately 30 million shares outstanding."

"Linuxcare expects its shares to be listed on the Nasdaq exchange under the symbol LXCR."

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