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Lindows Officially Postpones IPO
By WebProNews
Staff Writer
Article Date: 2004-08-18
Lindows, Inc. today announced that it has elected to postpone the previously announced initial public offering of its common stock due to current adverse market conditions.
The company's S-1 registration statement remains on file with the Securities and Exchange Commission and has not been withdrawn. Lindows will continue to evaluate market conditions and may proceed with a public offering at a later date.
"Lindows won't be forced into a cut-rate IPO by a fickle stock market. We are fortunate to have cash in the bank, and we owe it to our stockholders to wait until market conditions and public company valuations improve before we proceed with a public offering," said Michael Robertson, chairman and chief executive officer of Lindows, Inc.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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