VMware announced launches of its IPO today August 14, at initial price of $29.
Company raised $957 million solding 33 million shares at this price, according to Bloomberg.
VMware also announces completion of exchange offer:
…The depositary for the exchange offer has advised VMware and EMC that, as of the expiration of the exchange offer, a total of approximately
11,005,523 shares of EMC stock underlying EMC options and approximately
4,694,163 shares of restricted EMC stock were validly tendered and not
withdrawn, representing approximately 89.45% of the outstanding shares of
EMC stock underlying EMC options and approximately 80.72% of the
outstanding shares of restricted EMC stock eligible to be tendered. EMC and
VMware have accepted and will cancel all EMC options and shares of
restricted EMC stock properly tendered in the offer…
Its parent company EMC yesterday gained over 7% in stock trading, becoming most active NYSE stock.
virtualization.info prepared a Guide to VMware strategy for IPO investors and potential buyers available here.
Update: VMware just started trading at the incredible price of $52, while EMC already lost its yesterday’s great performance, trading as low as almost -3% during the day.
Second update: VMware closes at $51, while its parent company EMC closes at $18.34, losing 3.76%.