VA Linux Systems, Inc. Announces Initial Public Offering
SUNNYVALE, Calif. December 9, 1999 VA Linux Systems, Inc. (NASDAQ: LNUX) announced today the initial public offering of 4,400,000 shares of its common stock at $30 per share. All of the shares were offered by VA Linux Systems.
Credit Suisse First Boston acted as lead manager, and Deutsche Banc Alex. Brown, Hambrecht & Quist and Lehman Brothers acted as co-managers of the underwriting group. The underwriters have a 30-day option to purchase up to 660,000 additional shares of common stock from the Company solely to cover over-allotments, if any. The Company's common stock will be listed on the Nasdaq National Market under the symbol "LNUX."
Copies of the prospectus may be obtained from: Credit Suisse First Boston Prospectus Group, 11 Madison Avenue, New York, NY 10010, (212)325-2580; Deutsche Banc Alex. Brown, 101 California Street, 46th Floor, San Francisco, CA 94111; Hambrecht & Quist, One Bush Street, San Francisco, CA 94104; or Lehman Brothers, 3 World Financial Center, New York, NY 10285.
A registration statement relating to these securities was filed and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under securities laws of any such state or jurisdiction.
About VA Linux Systems
VA Linux Systems, Inc. is a leading provider of Linux-based solutions, integrating systems, software and services. VA Linux's broad-based technical expertise in systems and software design, as well as its focus on the Linux operating system and other open source solutions, enables the company to provide high-quality Linux-based systems designed for optimal performance, reliability and scalability. VA also offers services and support through its staff of Linux system and software engineers. VA Linux Systems is headquartered in Sunnyvale, Calif., and is located on the web at: www.valinux.com
Note: VA Linux Systems is a trademark of VA Linux Systems, Inc. Linux is a registered trademark of Linus Torvalds. All other trademarks are property of their respective owners.
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