“A much-anticipated IPO from LinuxOne Inc. this week is in
fact not expected for some time yet-and its eventual success may
well rest on a key underwriter signing on to the deal….“
“One of the things Cruttenden Roth will consider before agreeing
to lead manage the IPO is LinuxOne?s very early stage of
development. With only ten employees and nine months of operations
under its belt, LinuxOne is at the same stage that most startups
closing a first round of venture capital financing find themselves.
“That’s a definite concern,” said Fillet. “We have to assess what
their angle is into the market and what is the likelihood of them
achieving that,” he added.”
“LinuxOne’s Holmes referred calls to the firm’s outside counsel,
Morrison. The attorney pointed out that his client differentiates
itself from other Linux software companies because of its focus on
the Asian market. LinuxOne has inked distribution agreements in
China and Japan.”