Linux distributor Red Hat filed for an initial public offering (IPO) of $96.6 million of its common shares with the US Securities and Exchange Commission on Friday.
The firm plans to use the proceeds for working capital and other purposes such as geographic expansion, but may also employ it to make acquisitions, although it has nothing in mind at the moment.
The underwriters are Goldman, Sachs & Co, Thomas Weisel Partners and E*Trade Securities. The company has also been invested in by such industry heavy weights as IBM, Compaq Computer, Intel and Oracle.
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