Initial public offering Geeknet

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lnux stock price (9 december 1999 through 9 december 2000)


the company s largest customers included akamai technologies , etoys.


the company changed name va linux systems. on december 9, 1999, company became public company via initial public offering. company rasised $132 million, offering shares @ $30/share, shares opened trading @ $299/share, before closing @ $239.25/share, or 690% above ipo price, breaking record largest first day gain. larry augustine, 38-year old founder , ceo of company, became billionaire on paper , 26-year old web developer @ company said worth $10 million on paper. august 2000, shares trading @ $40 each , 24 mutual funds held stock. on december 8, 2000, 1 year later, after bursting of dot com bubble, shares traded @ $8.49/share. in january 2001, stock traded @ $7.13/share.








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