NY Times: Share Price More Than Triples in Red Hat’s Public Offering

Written By
Web Webster
Web Webster
Aug 12, 1999

[ Thanks to Brian Keay
for this link. ]

“Wednesday’s initial public offering by Red Hat Inc., the
leading distributor of the free Linux computer operating system,
saw the new shares more than triple in price by the close of
trading on the Nasdaq.”

“It also touched off excitement and some soul searching among
the 12,000 Linux devotees assembled here for the LinuxWorld
Expo.”

“Industry analysts said the market’s eager embrace of Red Hat
indicated a belief in the potential for a free operating system to
be a commercial competitor to the Microsoft Corporation’s Windows
NT or traditional commercial versions of Unix.”


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Web Webster

Web Webster

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.

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