Canonical Shifts Its Fiscal Year Ahead Of Likely IPO
Written by Michael Larabel in Ubuntu on 17 June 2018 at 07:08 PM EDT. 15 Comments
UBUNTU --
You have likely heard by now about Ubuntu maker Canonical planning to do an initial public offering (IPO) at some point in the not too distant future to become a publicly-traded company. The latest sign of that is Canonical has now shifted its corporate calendar.

Rather than ending its accounting period now on 31 March of each year, Canonical is shifting that to align with the end of each calendar year (31 December). 31 March tends to be the end of fiscal years for UK-based organizations. This change may indicate a desire of Canonical to more likely list on one of the US-based stock exchanges rather than London, but others may have differing hypothesis over the change.

Canonical filed with UK's Companies House recently to indicate their change in accounting dates.

Canonical recently indicated they do not plan for an IPO this year (2018) though I probably wouldn't bet on them to IPO until likely H2'2020 after the release of Ubuntu 20.04 LTS when they have more corporate adoption numbers to talk about from a fresh long-term support release, etc. Regardless of how it pans out, it will be interesting to watch.

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Michael Larabel is the principal author of Phoronix.com and founded the site in 2004 with a focus on enriching the Linux hardware experience. Michael has written more than 10,000 articles covering the state of Linux hardware support, Linux performance, graphics drivers, and other topics. Michael is also the lead developer of the Phoronix Test Suite, Phoromatic, and OpenBenchmarking.org automated benchmarking software. He can be followed via Twitter or contacted via MichaelLarabel.com.

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