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OpenIPO and Lindows

Posted by Hemos on from the raising-the-money dept.

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.

6 of 158 comments (clear)

  1. Broken Link by xy · · Score: 5, Informative

    The link to OpenIPO is broken. It should be:

    http://www.openipo.com/

  2. Re:Who is raising what 50 MM for? 300MM? by rebeka+thomas · · Score: 5, Informative

    MM is a standard postfix for "Million" of a relevant currency in financial circles.

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    RST
  3. Micheal has learned from experience. by Bill,+Shooter+of+Bul · · Score: 3, Informative

    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.

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    Well.. maybe. Or Maybe not. But Definitely not sort of.
  4. Re:WTF Unit of currency is an MM? by EmagGeek · · Score: 3, Informative

    IANAE, but I believe MM is European for a Million... technically, MM is " a thousand thousand"

  5. Re:I seriously want to know! by One+Louder · · Score: 3, Informative
    As I understand it from an article I read elsewhere, updates to the operating system are free, just as they are with Windows, and don't require a subscription.

    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.

  6. shorting IPO stocks by sleepingsquirrel · · Score: 3, Informative

    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.