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SRO: Red Hat IPO Details Emerge

“One small step for Linux; one giant leap for Red Hat.”

“On June 4, Red Hat Software threw its hat into the IPO ring.
Now, the first Linux company to brave the stock market is releasing
some details about its week of August 9 debut.”

“About six million shares of common stock will be sold at an
estimated $10 to $12 a share on the NASDAQ under the stock symbol
‘RHAT.’ The resulting $60 million to $72 million will be used to
provide working capital and other general corporate purposes
including expansion.”

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