“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.“