Transmeta IPO raises $273 Million
Which is nice
Despite IBM's snubbing of the Crusoe processor for its ThinkPads, someone, somewhere still loves Transmeta, handing over the readies for 13 million shares - ten per cent of the company. The IPO raised $273 million and values Transmeta at around $2.7 billion.
The IPO shows investors can still be persuaded to buy into technology stock, despite a 20 per cent drop in the Nasdaq Composite Index over the last two months. ®