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PLCOM: Red Hat’s IPO soars; CEO sees windfall

[ Thanks to Peter
Crane
for this link. ]

“Robert Young is the latest Canadian to hit the high-technology
jackpot after Red Hat Inc. soared during its first day of trading
yesterday. Red Hat’s chairman and chief executive officer, a native
of Hamilton, saw the value of his shares climb to $472-million
(U.S.) as Red Hat rose $38.06 to $52.06 on the Nasdaq Stock
Market.”

“Red Hat’s chairman and chief executive officer, a native of
Hamilton, saw the value of his shares climb to $472-million (U.S.)
as Red Hat rose $38.06 to $52.06 on the Nasdaq Stock Market.”


Complete story

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