“LinuxOne, Inc., a newly-formed developer of open-source
software products and services, this week filed for an IPO (initial
public offering) with the Securities and Exchange Commission. The
announcement marks the second “post-Red Hat” Linux-related public
stock move.”
“According to the filing, the Mountain View,
California-based company is looking to raise $24 million (US$)
through the sale of 3 million shares of its common stock.
According to a LinuxOne statement, the stock price will fall
somewhere between $6 and $8.”
“Although LinuxOne has not yet disclosed information regarding
the underwriters of the IPO, the company has indicated that it has
applied to sell its shares on Nasdaq under the symbol “LINX.”
LinuxOne offers tools, services and products — including its
LinuxOne packaged operating system (OS) — for Linux and other
open-source communities through its Web site.”