“Durham, North Carolina-based Red Hat, the biggest distributor
of the alternative Linux operating system, is slated to offer 6
million shares later this week. The new price range is $12 to $14
per share, up from $10 to $12.”
“More IPOs are being postponed or cut in size and terms amid the
recent downturn in the broad market and investor hesitation toward
Internet and technology IPOs. But analysts have been enthusiastic
about Red Hat.”
“”Red Hat seems to be the hottest deal, given the Linux
revolution,” said Steven Tuen, an analyst at IPO Value
Monitor.”