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Linspire IPO on hold - for now
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According to a press release issued by Linspire, they have decided against the IPO for the time being. The company’s S-1 registration statement is still file with the SEC for the time being, however. This is a strong indication that Lindows felt like waiting was the best approach at the moment.
“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.