Red Hat applies for NYSE listing
Published: 21 Nov 2006 10:06 GMT
Open-source software company Red Hat announced on Friday that it has filed an application to list its common stock on the New York Stock Exchange.
Assuming the application is approved, the company would begin trading on the NYSE on 12 December under the symbol, RHT. Until then, it will continue to trade on the NASDAQ under the symbol, RHAT.
"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," said chief financial officer, Charlie Peters, in a statement.
Did you find this article useful?
341 out of 435 people found this useful
Digg
Slashdot
Del.ici.ous
Stumble
Reddit
