Rimini Street moving ahead with IPO plans
The road to Twitter's IPO:
As expected for months now, enterprise software support provider Rimini Street is moving full steam ahead with its initial public offering roadmap.
While it obviously won't be as splashy a debut as Twitter on the New York Stock Exchange tomorrow, that doesn't mean Rimini Street's IPO won't be complicated.
That's because the Bay Area company is already in the midst of a legal battle with one of the software vendors it is set up to serve, so to speak.
That would be hardware and software giant Oracle, which sued Rimini back in 2010 -- the same year it filed suit against Google in that infamous Android/Java battle -- over theft of copyrighted materials.
Somehow the suit has still yet to go to trial, but the last update came in September when Rimini hired a top legal gun who was previously chief counsel to former Massachusetts Governor and former Presidential candidate Mitt Romney.
We're still waiting on the trial start date -- as well as Rimini's latest filing with the U.S. Securities and Exchange Commission, which has not been made public as of the time this article was published.
Nevertheless, Rimini declared on Wednesday that it filed a draft of the legislation for its registered initial public offering of Class A common stock this past Monday.