“Shares of Red Hat stayed red hot Thursday even as a bevy of new
issues decided to take the rest of the summer off.”
“After racking up the seventh-best first day performance of the
year, Red Hat… quickly piled on big gains on its second day of
trading.”
” ‘This truly speaks to the quality of the deal,’ said Ben
Holmes, founder of IPOPros.com. ‘This is a real company.
We’re seeing a world class company come to
market.’ “
” ‘It’s obvious it was going to do well because it’s playing to
the fear and loathing for Microsoft,’ Gail Bronson, senior analyst
for IPO Monitor and founder of InternetAssist Ventures of Silicon
Valley said on the opening day. ‘The question is, Can they sustain
it?’
For now, the answer seems to be ‘yes.’ “