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| Red Hat, Inc. |
| 2600 Meridian Parkway, Durham, NC 27713 * (919) 547-0012 |
| Business Description | The company is a leading developer and provider of open source software and services, including the Red Hat Linux operating. Our 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. |
| Offering Information Company has | |||
| Trading As | RHAT (NASNTL) | Industry | High-Tech (SIC 7375) |
| Type of Stock Offered | Common Shares | Filing Date | 06/04/1999 |
| Domestic Shares Offered | 6,000,000 | Offer Date | 08/10/1999 |
| Foreign Shares Offered | 0 | Filing Range | $12.00 - $14.00 |
| Company Shares | 6,000,000 | Offer Price | $14.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.980 |
| Gross Proceeds | $84,000,000 | Selling | $0.580 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 66,579,700 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-5959 |
| E*OFFERING Corp. | Co-manager | (415) 835-1560 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 439-3626 |
| Thomas Weisel Partners LLC | Co-manager | (415) 364-2500 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | - - Months Ending | ||||||
| Figures in U.S. millions except per share data | 02/28/1995 | 02/28/1996 | 02/28/1997 | 02/28/1998 | 02/28/1999 | ||
| Revenues | 0.482 | 0.930 | 2.603 | 5.156 | 10.790 | - | - |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | -0.128 | -0.155 | 0.033 | 0.008 | -0.091 | - | - |
| E.P.S | -0.010 | -0.007 | 0.001 | 0.000 | -0.006 | - | - |
| Revenue Growth (%) | 92.95 | 179.89 | 98.08 | 109.271 | - | ||
| Net Income Growth (%) | - | - | -75.76 | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | 1.27 | 0.16 | - | - | - |
| Cash Flow - Oper. | 1.23 | - | - | ||||
| Cash Flow - Inv. | -2.52 | - | - | ||||
| Cash Flow - Fin. | 10.05 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 02/28/1999 | Financial Ratios | ||||
| Total Assets | 15.28 | Current Assets | 13.85 | Current Ratio | 5.03 |
| Total Liab. | 15.28 | Current Liab. | 2.75 | Debt Ratio | 100.03% |
| Total Equity | 0.00 | Working Cap. | 11.10 | Debt to Equity Ratio | - |
| Cash | 10.06 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for working capital and other general corporate purposes geographic expansion. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Testa, Hurwitz & Thibeault |
| Bank's Law Firm | Hale and Dorr |
| Registrar/Transfer Agent | ChaseMellon Shareholder Services, L.L.C. |
| Auditor | Pricewaterhouse Coopers LLC |
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