Second Linux publisher to go public

Trying to ride the tide of investor interest in Linux
software company stocks, LinuxOne announced it is planning to go public in
the next three to six months. LinuxOne has been selling its version of
Linux for less than one month. The company had no revenues in it most
recent quarter and lost $17,000. The IPO is expected to raise about $25
million. LinuxOne will offer its shares at around $8 per share.

Last month, Red Hat Software went public at $14. It stood at $114 at
the end of trading on Wednesday. LinuxOne will have a market value of $75
million at the outset. If the interest in red Hat is any indication of
where LinuxOne’s stock may be headed, the company could be worth a round
one billion dollars within the first month of going public.