"More than 30 IPOs had been set to go off this week, but so far
6 companies, including Women.com, Garden.com, and Advanstar have
shelved their plans indefinitely, and at mid-week it looks like
only half of all expected IPOs will actually make it onto the
market by Friday."
"Red Hat provides Linux-related services and tools to businesses
using Linux, an open-source operating system that is making inroads
as a viable alternative to Microsoft's Windows NT System."
"Intel Corp. has taken a more direct involvement. It
holds what amounts to about 4.5 percent of the
company's shares post-IPO. Other principal stockholders
include the Boston-based Greylock IX Limited Partnership and Menlo
Park, CA-based Benchmark Capital, which hold stakes of 13 percent
and 9 percent, respectively."
The Red Hat executives who stand to profit most from
the IPO are company CEO Robert Young, 45, and Marc
Ewing, 30, the company's chief technology officer, each of
whom owns roughly 9.1 million shares in the company. Their 14
percent stakes are worth about $470 million at today's closing