To the open source software community,
Red Hat has filed a registration statement with the United States Securities and Exchange Commission for the initial public offering of our common stock. The registration statement will be available on the SEC's website at http://www.sec.gov in the next few days.
Our lead underwriter is Goldman, Sachs & Co. (http://www.gs.com). The other underwriters are Thomas Weisel Partners LLC and E*TRADE Securities, Inc. (http://etrade.com).
Our offering will be made by means of a written prospectus, the form of which is contained within the registration statement. Copies of the preliminary prospectus, when available, may be obtained from the underwriters.
In accordance with SEC regulations, no further information is available at this time and we are not able to comment further.
CEO, Red Hat Inc.
Red Hat, Inc. announced today that it has filed a registration statement with the United States Securities and Exchange Commission for the initial public offering of its Common Stock.
It is expected that all of the stock will be sold by the Company. Goldman, Sachs & Co. will act as lead underwriter of the offering. Other underwriters include Thomas Weisel Partners LLC and E*TRADE Securities, Inc.
Red Hat is a leading developer and provider of open source software and services, including the Red Hat Linux operating system. Red Hat's Web site, redhat.com, is a leading online source of information and news about open source software and one of the largest online communities of open source software users and developers.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State in qualification under the securities laws of any such State.
A copy of the preliminary prospectus, when available, may be obtained from the office of Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004.
Common with UNIX footnote
LINUX is a trademark of Linus Torvalds. Red Hat is a registered trademark of Red Hat, Inc. UNIX is a registered trademark of The Open Group. All other names and trademarks are the property of their respective owners.
- About Red Hat
Red Hat is the world’s leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As the connective hub in a global network of enterprises, partners, and open source communities, Red Hat helps create relevant, innovative technologies that liberate resources for growth and prepare customers for the future of IT. Learn more at http://www.redhat.com.
- Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks related to delays or reductions in information technology spending; the effects of industry consolidation; the ability of the Company to compete effectively; the integration of acquisitions and the ability to market successfully acquired technologies and products; uncertainty and adverse results in litigation and related settlements; the inability to adequately protect Company intellectual property and the potential for infringement or breach of license claims of or relating to third party intellectual property; the ability to deliver and stimulate demand for new products and technological innovations on a timely basis; risks related to data and information security vulnerabilities; ineffective management of, and control over, the Company’s growth and international operations; fluctuations in exchange rates; and changes in and a dependence on key personnel, as well as other factors contained in our most recent Quarterly Report on Form 10-Q (copies of which may be accessed through the Securities and Exchange Commission’s website at http://www.sec.gov), including those found therein under the captions "Risk Factors" and "Management’s Discussion and Analysis of Financial Condition and Results of Operations". In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic and political conditions, governmental and public policy changes and the impact of natural disasters such as earthquakes and floods. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of this press release.