Red Hat

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Written by:

Alan R


Date added:

July 26, 2017








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10 / 2763


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Red Hat primarily packaged and distributed the Linux operating system, significantly simplifying the installation and upgrade process for firms choosing to use the Linux system. Red Hat's growth and success to date made them an attractive candidate for an initial public offering (IPO) of stock to become a publicly owned and traded company...
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On August 11, 1999, Red Hat stock opened at $14 per share and within two days had increased drastically to $82.25 per share. Problem Statement Red Hat, a $5 billion dollar company, would now answer to shareholders and the general market. Red Hat's new shareholders expect continued growth in return for their investment...
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