Lulu.com Going Public: IPO For Book Publishing Website Coming Soon

05/16/2010 05:12 am ET | Updated May 25, 2011
  • Newsobserver.com

The company behind the Lulu.com book publishing Web site has taken the first official step toward an initial public offering in Canada.

The Raleigh-based company -- founded in 2002 by CEO Bob Young, who previously co-founded Linux software giant Red Hat -- disclosed in its preliminary prospectus that it turned profitable in the latest quarter.

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