VMware IPO Set for Aug. 14
Well its finally been announced, the VMware IPO is set for August 14th, 2007. Funny in that I was just speaking with a VMware associate this afternoon and they still did not have an idea as to when it would be offered. Now we know. The real question now is with all the buzz around VMware (and virtualization for that matter), what will the opening price be? August 14th should be interesting to say the least.
The initial public offering of 33 million shares in the virtualization software maker will come down Aug. 14 at a range of $23 to $25 each, according to the company.
“I expect it to price higher,” said Scott Sweet, managing director at IPO Boutique. “I’d be very shocked, considering the demand for this deal, if it comes at $25.” The pricing range is fairly priced, he added.
“I’ve not heard any more chatter on an IPO since 1999 and 2000″ than the buzz that has accompanied VMware, Sweet said.
VMware IPO Set for Aug. 14 – News & Analysis – Technology – CSCO – EMC
