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Interactive Week: Red Hat Leads Linux IPO Charge

Jun 12, 1999, 12:13 (1 Talkback[s])
(Other stories by Charles Babcock)

"Red Hat, the most popular U.S. distributor of Linux, filed with the Securities Exchange Commission for an initial public offering June 4, setting off a wave of speculation that several Linux-based companies may follow suit."

"Red Hat has selected Goldman, Sachs & Co. as its lead underwriter and expects to raise a maximum $96.6 million, according to its filing. The 5-year-old company's revenue last year was more than $10 million, Red Hat officials said. It has previously received financial backing from Compaq Computer, IBM, Intel, Netscape Communications, Novell and Oracle, as well as two venture capital firms."

"The move by the Durham, N.C., company prompted calls to Caldera Systems, the Linux division of Caldera Inc. in Provo, Utah. Caldera Systems distributes OpenLinux, a business and server oriented version of the operating system."

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