“Prior to the offering, Intel Corp. (INTC) holds a 5.0% stake in
the software firm, while venture capital firms Greylock IX L.P. and
Benchmark Capital Partners II L.P. hold respective 14.5% and 9.7%
stakes.
“Red Hat plans to use proceeds from the IPO… to provide
working capital and for other general corporate purposes including
geographic expansion.”
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