Red Hat Joins the NYSE
The company says its move from Nasdaq to the NYSE will benefit stockholders. (Linux-Watch)Dont be surprised if you see a lot, and we mean a lot, of news about Red Hat in business publications on Dec. 12, when Red Hat moves from the Nasdaq to the NYSE (New York Stock Exchange). While Linux users may not notice one whit of difference, its a major change for the company. Red Hat launched its IPO (initial public offerings) on the Nasdaq on Aug. 11, 1999. On that date, the fledging Linux companys stock famously more than tripled in value. Red Hat isnt, of course, expecting anything like that from a simple move from one exchange to another, but it does expect to do better for itself and its stockholders on the NYSE.
Click here to read an interview with Marc Fleury, senior vice president of Red Hats JBoss division, about the companys current direction.