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VMware's IPO a Success: Customers Asking "What's Next?"
Aug 2007   Doc #208317   Event Flash  

Printed Page Length: 2 pages

By: Stephen Elliot, Michael Rose, Tim Grieser, Rhoda Phillips, Frederick W. Broussard, Abner Germanow

Price $ 1,500.00

Abstract 

This IDC Flash discusses the successful initial public offering (IPO) executed by VMware (NYSE: VMW) on August 14. EMC sold 10% of VMware to the public, including an overallotment of 5 million shares, at a price of $29 per share. The stock closed at $51 per share at the end of the first day of public trading, a 76% premium. Intel and Cisco each took about a 2% stake in VMware ahead of the offering (see Cisco buys into VMware, IDC #IcUS20812407, August 2007, and Intel Grabs a Slice of VMware Ownership, #IcUS20778807, July 2007). As a public entity, the company must now meet shareholder expectations built upon sales, marketing, and product execution.

In This Event Flash | Situation Overview | Future Outlook

Companies Covered:
No Company
Regions Covered:
Worldwide
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