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Yahoo!/Reuters: Red Hat files for $96.6 million IPO

Thanks to Amit Bapat
for this link.

“Software firm Red Hat Inc. said Friday it would raise $96.6
million through the sale of its common stock in its first-ever sale
to the public.

“In an initial public offering filed with the Securities and
Exchange Commission, the Durham, N.C.-based company said it applied
to trade on Nasdaq under the stock symbol “RHAT.O.””

“Net proceeds will be used to provide working capital and for
other general corporate purposes.”

Complete
story
.

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