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MandrakeSoft Going Public In France July 30

Posted by timothy on from the geographic-filtering dept.

LiteForce writes: "MandrakeSoft are going public on July 30th on the European Stock Exchange. U.S. residents are not currently eligible to take part (only French residents are permitted). You can read the scoop on MandrakeSoft's site here." This is the IPO (then in progress) mentioned here shortly ago, but now they have the go-ahead; there's also an exchange on Mandrake's discussion forum. Congratulations over there!

3 of 83 comments (clear)

  1. Mandatory Simpson's Quote by Reality+Master+101 · · Score: 5

    Only residents of France, eh?

    Hank Scorpio (getting ready to target the big laser): "By the way, Homer, what's your least favorite country, Italy or France?"

    Homer: "France."

    Scorpio: "Hah hah. Nobody ever says Italy."


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    Sometimes it's best to just let stupid people be stupid.
  2. I IPO in your general direction by quannump · · Score: 5

    you mother was a red hat and your father smelled of debian

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  3. Say no to IPO by standards · · Score: 5

    This is not great news.

    Although some folks might (and just might) be able to collect on their options, for the rest of us this is bad news.

    Why?
    1. Loss of control

    This business is currently run by a close-knit team. This is sure to change radically when the bottom line becomes short-term profitability, and when the long-term vision is dropped.

    2. Technology Dilution

    Technology moves quickly. But in order to keep shareholders happy, it will make sense not to compete head-to-head with the bigger guns such as RedHat.

    In addition, partnerships will become more important. These days, partnerships are all about leveraging each other's monopolies. This is a naturally closed world.

    So this isn't good stuff folks. SUre, it's great fun for the 17 people who'll be able to retire, but it isn't necessarily good for the industry or the users.