| Lindows files IPO |
Apr. 20, 2004
San Diego-based Lindows Inc. said today they have filed a registration statement with the Securities and Exchange Commission for an initial public offering of its common stock. The SEC filing states the company could raise $57.5 million in common stock. There is no date expected for the offering.
Lindows's IPO will be made available through San Francisco's WR Hambrecht + Co. via their Open IPO auction. Hambrecht is listed as the lead manager of the offering, with Roth Capital Partners acting as co-manager.
Lindows's Linux desktop software is available for PCs and laptop computers in homes, schools and businesses. LindowsOS was renamed last week to Linspire as a result of worldwide litigation lodged against the company by Microsoft.
The SEC filing offers the first glimpse of the financial situation of the company including a stated $4M in losses against $2M in revenue. Details of legal issues that the company is facing and pursuing are revealed in the filing. One claim is against rival Debian-based Linux desktop vendor Xandros.
View the complete filing is available here.
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