:TechWeb: Red Hat IPO Could Launch In Stormy Market
TechWeb: Red Hat IPO Could Launch In Stormy Market Aug 10, 1999, 00 :04 UTC (0 Talkback[s]) (3891 reads) (Other stories by Matthew A. De Bellis)
"Red Hat Software, scheduled for its IPO this
week, could be in for a rough ride if the sour
IPO market trend continues."
"Goldman, Sachs & Co., Thomas Weisel Partners, and
ETrade Securities certainly are among those anxious to
see what Monday's market will bring. All are
underwriters for Red Hat, North America's leading
distributor of Linux, an upstart open-source OS that has
gained acceptance in corporate boardrooms as well as
snagged server market share during the past year."
"Analysts said Red Hat's stock offering is one of the
hottest IPOs to watch this week because it's leading the
Linux charge. Some analysts said the company
eventually could become a veritable competitor of
Microsoft, but Red Hat's IPO will be thefirst chance
investors have to express their level of interest in Linux,
Ostman said."
