Slashdot Owner Andover.Net Files for $49.6m IPO.
Andover.Net, owner of a network of Linux and open source resource
sites that includes Slashdot, has filed for a proposed initial public
offering of 4 million shares of its common stock. The price range will
fall between $12 and $15, for an estimated value of $49.6m, according to Reuters. The offering is being underwritten by WR Hambrecht & Co
LLC, Advest Inc and DLJ Direct through WR Hambrecht & Co's
OpenIPO system. Only yesterday, Andover.Net received $10m in mezzanine
financing from TA Associates of Boston, Massachusetts.