Lindows Preps for IPO Despite Setbacks

SpinnerSpinner Birmingham, UK
edited April 2004 in Nerdery
Lindows, fresh from changing the name of its flagship product, is preparing to go public as it struggles to earn a profit.
Lindows could raise as much as $57.5 million from the IPO, money it would use to further distribution of its OS and other software, expand sales and marketing, develop more products and repay $10.4 million in outstanding debt to its founder, Michael Robertson, according to the SEC filing.
Source: Eweek
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