VMware Inc. (VMW) Prices IPO at $29
Rapidly growing software maker VMware Inc. priced its initial public offering at $29 per share Monday, setting the stage for one of Silicon Valley's most anticipated stock market debuts since Google Inc. mesmerized Wall Street three years ago.
Reflecting the intense interest in VMware, the IPO price represented a 21 percent premium above the $24 per share target set before management gave a series of presentations to money managers during the past two weeks.
After expenses, Monday's sale of 33 million shares raised about $900 million for VMware.
Reflecting the intense interest in VMware, the IPO price represented a 21 percent premium above the $24 per share target set before management gave a series of presentations to money managers during the past two weeks.
After expenses, Monday's sale of 33 million shares raised about $900 million for VMware.
Labels: VMW, VMware Inc.
posted by Stock Administrator @ 9:17 PM
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