Michael Dolan Dot Com

Tuesday, June 26th, 2007

Rumormill: MySQL Going Public

The talk is everwhere… will this end all the FUD about no business in “open source” (cringe)? Doubt it. Anyway, here’s a decent article over at CIO today giving a fairly balanced view:

That small community of open-source stocks may soon be widening. MySQL, a fast-growing maker of database software used by some of the Internet’s most recognized brands, is preparing to file for an initial public offering, perhaps as soon as late 2007.

The offering could value the company at between $600 million and $1 billion, according to sources, and inject some pep into a tech IPO market that’s seen only a handful of successful offerings in the past year. Credit Suisse is a top contender to lead the underwriting of the transaction, BusinessWeek has learned.