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Red Hat starts trading at over 3 times IPO price

[ 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.

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