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DowJones.com: Freeware Developer Red Hat Sets Terms For Planned IPO

Jul 16, 1999, 19:20 (1 Talkback[s])
(Other stories by dowjones.com)

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"Linux distributor Red Hat Software Inc. said Friday it set an expected price range of $10 to $12 per share for its pending initial public offering of six million shares."

"...Red Hat in June filed to offer up to $96.6 million in common stock but didn't detail terms of the offering. ... Golman Sachs & Co., Thomas Weisel Partners LLC, Hambrecht & Quist and E*Trade Securities Inc. are underwriters."

"Durham, N.C.-based Red Hat already has gained the financial backing of technology heavyweights like International Business Machines Corp., Compaq Computer Corp., Intel Corp., Oracle Corp., Germany's SAP AG, Novell Inc. and Netscape, which was recently acquired by America Online Inc."

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