Ten years ago today (Dec. 12, 2006), Red Hat moved to the NYSE, trading under 'RHT.' Marking the move, then Red Hat CFO Charlie Peters said:
"The move to the New York Stock Exchange is a significant event for Red Hat. We believe that listing on the New York Stock Exchange will increase Red Hat's visibility among investors, reduce trading volatility and offer more efficient pricing.”
"Red Hat is pleased to join industry leading, global companies as a member of the NYSE. Today is a great day for our shareholders, our employees and for the future of open source technology."
Photo courtesy of New York Stock Exchange
To mark the occasion, we’re back at the NYSE today to celebrate open source innovation and ring the opening bell. In the last decade, we’ve seen open source behind advancements spanning technologies - cloud computing, Linux containers, application development, big data, mobile, social, and more - and in areas well beyond technology. And, it is gratifying to be back in the heart of New York City’s financial district, where Wall Street and the commercial banks were among the first industries to embrace enterprise open source. Red Hat is proud to be synonymous with open source, especially as it now a default for faster, more transparent and collaborative innovation.