“The recent slump in confidence in technology stocks seems
not to have had an adverse effect on Red Hat Software Inc.’s
initial public offering (IPO).”
“Shares opened at $46.00 and hit a morning peak of $50.00 —
much higher than the offering price of $14 per share. Dow Jones
estimated Red Hat’s market value at $2.96 billion.”
“Red Hat has a 49% share of the Linux market, according to
International Data Corp. …”