VA Linux IPO jumps 270 points to 300 by lunch
VA Linux's stock had an initial public offering of 30 points when trading
opened today. The stock soared, reaching 300 points by mid-day. Over
3 million shares had been traded before I took my lunch break. Yahoo has a
blurb about the gain, but most people are quiet. No official word from
VA Linux's news sources. Most people are probably taking a wait-and-see
attitude. After all, like the Yahoo article explains:
VA Linux shares were up 244 to 274 a share in their debut on the
NASDAQ in mid afternoon trading, after a long
delay in opening, with a surge of over 800 percent.
If VA Linux's shares close with a similar gain, it could take the lead from
the globe.com (NasdaqNM:TGLO - news), as the biggest first-day gainer ever
among initial public offerings.
It looks like all of those VA Linux employees and their stock
are going out for a very nice dinner tonight.