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Monday, January 5, 
8:49 pm


[Posted on August 14, 2007 - 1:21 PM]

Indeed, it's up, up and away for VMware Inc. in the virtualization software company's first day of public trading. After opening at $29, at press time the stock was up a Googlesque 52% [scratch that], 64% [sorry, not high enough], 74% to trade at $50.47. VMware, whose technology companies use to run their data centers, raised $957 million Monday, selling 33 million shares at $29 a pop. The question, of course, is where VMware shares will settle in the months ahead. Somewhere south of Tuesday's closing price, suggests Chris Krasowski at SeekingAlpha.

By contrast, shares of VMware parent EMC Corp., which is spinning out 10% of the unit in the initial public offering, are down 1.3% in afternoon trading. That said, the storage software maker has already gotten good mileage on the offer. —Alain Sherter

See story from TheDeal.com
See post from SeekingAlpha

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