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Red Herring: ICG and Red Hat led August IPOs

“The Internet Capital Group’s 525 percent aftermarket gain on
the month leads the August 1999 IPO graduating class. …ICG is an
Internet holding company that manages and operates a network of
business-to-business e-commerce companies.”

“Red Hat… turned in the second-best aftermarket
performance for the month. …up 484.8 percent from its offer
price.”

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