Canonical Shifts Its Fiscal Year Ahead Of Likely IPO
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.
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