Red Hat joins the NYSE

Anonymous Reader writes “Don’t 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 Inc. moves from the NASDAQ to the NYSE (New York Stock Exchange). While Linux users may not notice one whit of difference, it’s 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 company’s stock famously more than tripled in value.”