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OpenIPO and Lindows
An anonymous reader writes "Lindows is using bankers WRHambrecht and their OpenIPO process when they go public. The lower end of the pricing range will net them more than 50MM. But OpenIPO is designed to let ANYONE bid on IPO shares. If Linux can keep investor's attention and Google announces their own IPO, they could raise much more which could have impact on desktop Linux. Same CEO had near perfect timing raising 300MM with MP3.com IPO." OpenIPO is the same route Andover.net took back in the day.
Yes, plus the URL is missing the ".com". OpenIPO
The link to OpenIPO is broken. It should be:
http://www.openipo.com/
MM is a standard postfix for "Million" of a relevant currency in financial circles.
RST
I submitted a story when Lindows announced their IPO a week ago. Rejected.
Anyway, Lindows (not linspire) is going IPO. They've said that they are going to keep using the Lindows name for their company, and the Linspire name only as a name for their software products in some countries.
I've had enough abrasive sigs. Kittens are cute and fuzzy.
He had one of his infamous Micheals Minutes a while bakc that discused the ipo porcess he went threw with mp3.com. He was disgusted int he way that the shares were sold to cronies and friends of the finatial institutions that conducted the IPO. It reduced the amount of money the company raised, while make millions for others who did absolutely nothing. So, I'm not suprised he wen OpenIPO on this one. Still, I wouldn't be suprised if this was the begining of the end for Lindows. If you read the public disclosure that accompanied tha annoucement, they mention that they are essentially out of cash, and losing it hand over fist.
Well.. maybe. Or Maybe not. But Definitely not sort of.
IANAE, but I believe MM is European for a Million... technically, MM is " a thousand thousand"
Shouldn't that be a "KK"? A thousand thousand?
No. Financiers have been writing MM since before you were born.
What the click and play thing is for is other applications which don't come preinstalled, and unlike Microsoft's recent experiment with subscriptions, you're not required to maintain a subscription to continue to use the products you've acquired.
Since it's a Debian-based distribution, you can probably just use apt-get if you don't want to subscribe to their service.
They are keeping the corporate name Lindows Inc. but the branding of the software changed to Linspire. The name Lindows is legal in the states so no problem with that - they just needed a new brand for Europe.
AFAIK you are not allowed to short IPO stocks for a certain period of time. I think that will also depend on which board the stock is listed.
Linux fanatics? Lindows? You don't pay much attention to the group you like tweaking, do you?
I never got my shares from the IPO. I just bought when the market opened. There was still plenty of profit to be made, even if you got cut out of the IPO. Also, Taco et al had to hang on to their stocks for a while, and watch them erode. Taco started with $6 million, but I'm guessing he got out with much, much less.
You're allowed to short the stock, but the initial purchaser might not be allowed to lend the stock out . So you might have to wait a while (those shares need to trade hands at least once) before shares become available for shorting.