[ Thanks to Brian
Mahaffy for this report. ]
Red Hat began trading on the NASDAQ just a bit ago with an
opening price of $46 per share with an asking block size of 500
shares. It went as high as $50 in early trading. The initial IPO
price range was to be $12 to $14 a share, but I would venture that
given the current trading price all 6 million shares went at
$14.
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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