Red Hat dumping Nasdaq for NYSE
The Linux seller announces plans to shift from one stock exchange to another.
Stephen Shankland Former Principal Writer
Stephen Shankland worked at CNET from 1998 to 2024 and wrote about processors, digital photography, AI, quantum computing, computer science, materials science, supercomputers, drones, browsers, 3D printing, USB, and new computing technology in general. He has a soft spot in his heart for standards groups and I/O interfaces. His first big scoop was about radioactive cat poop.
Expertise Processors, semiconductors, web browsers, quantum computing, supercomputers, AI, 3D printing, drones, computer science, physics, programming, materials science, USB, UWB, Android, digital photography, science. Credentials
- Shankland covered the tech industry for more than 25 years and was a science writer for five years before that. He has deep expertise in microprocessors, digital photography, computer hardware and software, internet standards, web technology, and more.
Red Hat expects its shares to begin trading on the New York Stock Exchange beginning December 12, the Linux seller said earlier this month.
The Raleigh, N.C.-based company said it expects the move away from the Nasdaq market "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. The company's stock will be listed under the symbol RHT.