Handspring – the maker of the Visor handheld – has filed to go public.
The company, which was founded in 1998 by Palm's co-founders Jeff Hawkins and Donna Dubinsky, filed a statement of intent with the Securities and Exchange Commission (SEC) on Friday.
Handspring's proposed initial public offering (IPO) follows that of its competitor Palm early last month.
Handspring's Visor, based on the Palm operating system, was launched in October 1999. It was only sold directly from Handspring at first, but the company has recently taken its first steps into retail.
Jeff Hirschkorn of IPO.com said in a CNET story hat he predicted the company's IPO would be more successful than Palm's: "It's a more pure company with no solid parent to tie it together. It's a good VC deal, with good backers, and it's a better long-term bet."
However, Handspring has to convince investors that it has solved the problems it had with shipping and backorders soon after the Visor's launch, according to CNET. It also relies on the Palm operating system, which it has licensed from Palm.