Lindows sets IPO for 4.4 million shares

WASHINGTON: Lindows Inc., a San Diego based software company, filed with the U.S. Securities and Exchange Commission on Monday to sell 4.4 million shares for between $9 and $11 in an initial public offering of stock, and expects to raise as much as $48.4 million.

Underwriters Roth Capital Partners, JMP Securities, Merriman Curhan Ford & Co., and Kaufman Brothers LP have the option to buy an additional 660,000 shares to cover over-allotments.

Lindows, which makes a personal computer user interface for Linux to compete with Microsoft's Windows interface, has applied for a Nasdaq listing under the symbol "LINE".