Back to article

RedHat IPO goes Sour for Developers

RedHat IPO goes Sour for Developers

July 31, 1999

The recent moves by RedHat to offer stock were accompanied by what seemed like a generous offer to Linux software developers--who had given their time free of charge to develop the products that RedHat sell. Initially RedHat had promised to give valuable stock offerings to developers at a knockdown price. But at the last moment they backed off...and it looks like many of the people who actually wrote RedHat's software will miss out.