Transmeta IPO raises $273 Million
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Posted in Business, 7th November 2000 11:40 GMT
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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. ®
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