Lindows Backs Out Of IPO

Struck hard with their $20 million dollar settlement with Microsoft, the company will wait until conditions improve before attempting an IPO.

“Lindows Inc., which is the process of changing its name to Linspire as part of a worldwide settlement reached in its trademark infringement case with Microsoft, is keeping its S-1 registration statement on file with the SEC (Securities and Exchange Commission). Because of this, the company may still proceed with an IPO later.

In its S-1, Lindows had stated that it intended to issue 4.4 million shares at $9 to $11 a share, which could raise as much as $48.4 million.”

We think this is probably a smart move by the company. With Google’s IPO attracting all of the attention, Lindows would most likely be overlooked. The question though is whether the company is that well known in the first place to even raise enough from an initial public offering.

Read the full story at eWeek.