“Shares of Red Hat nearly quadrupled on their debut Wednesday as
the red-hot IPO added sizzle to the listless new-issue sector.
“The stock may be headed for a berth as the third biggest
debut of the decade if it holds onto its gains.”
“Shares picked up steam amidst an Internet rally as they rose to
54, just 2 points shy of the 400 percent mark.”
“Indications of a strong open came when the Goldman Sachs-led
IPO upped its range from $10-$12 to $12-$14 per share on
Tuesday.”
Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.
LinuxToday is a trusted, contributor-driven news resource supporting all types of Linux users. Our thriving international community engages with us through social media and frequent content contributions aimed at solving problems ranging from personal computing to enterprise-level IT operations. LinuxToday serves as a home for a community that struggles to find comparable information elsewhere on the web.
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