“Linuxcare, provider of services for the Linux operating system,
requested on Monday that its planned initial public offering to net
approximately $56.6 million be withdrawn.”
“The company has elected not to proceed with the offering
due to general market conditions and a determination that it would
not be in the company’s best interest to proceed at this
time,” according to a filing with the U.S. Securities and
Exchange Commission.”
Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.
LinuxToday is a trusted, contributor-driven news resource supporting all types of Linux users. Our thriving international community engages with us through social media and frequent content contributions aimed at solving problems ranging from personal computing to enterprise-level IT operations. LinuxToday serves as a home for a community that struggles to find comparable information elsewhere on the web.
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