Friday, August 6, 2004
Lindows Lowers Offering Range
San Diego-based Lindows has lowered its estimated IPO offering price, from $9 to $11 a share down to $7 to $9 a share, according to a filing with the SEC. The revised pricing range means the company will net up to $39M. The company originally was looking to raise $48M, but like many other companies is facing a slowing IPO market. There have been a string of recent IPO price reductions, as well as a number of withdrawals of IPO plans this week. Lindows markets a Windows-like interface to the Linux operating system, and recently settled a suite with Microsoft to stop using the name "Lindows" and instead to transition to the name "Linspire".