Lazzaro writes "Red Herring has an interview with the VC Firm that's funding Cygnus, the last paragraph quotes the VC as listing Cygnus along with a few other companies in their portfolio, and saying "most of these companies will go public in the next six months"." There definitely will be a wave of open source IPOs in the next year. The questions are who? (Red Hat and Cygnus are prime candidates despite the fact that neither is saying anything) and others like VA who are up front that going public is their future. And the other question is when.