CALD filed an amended S-1 today and set the initial pricing on the deal:
biz.yahoo.com
Friday February 25, 9:17 am Eastern Time
Caldera's IPO set at 5 mln shares, $7-9 each
WASHINGTON, Feb 25 (Reuters) - An initial public offering by Caldera Systems Inc., which develops software based on the Linux operating system, was set at 5 million common shares that may sell for $7-9 apiece, the company said on Friday.
If the 5 million shares go for $8 each, Caldera figured it will make about $35.2 million in net proceeds, which it plans to use for for general corporate purposes, including sales and marketing and product development and support.
The proceeds may also go toward hiring more people and for potential acquisitions or investments, the Orem, Utah-based company added.
Caldera disclosed the terms of the IPO for the first time in a filing with the Securities and Exchange Commission.
Information such as the number of shares, their price range and other things were not disclosed in a preliminary IPO prospectus filed with the SEC in January.
The 5 million shares represent a stake to the public of about 13 percent. If investors clamor for them, an underwriting group led by Robertson Stephens has an option to buy 750,000 more shares.
Caldera, located online at calderasystems.com, hopes to list the IPO shares on Nasdaq under the symbol ``CALD.' |
