Sources confirm that VMware Inc. is planning to price its IPO after Monday's market close, with hopes to raise $1.1 billion. The Palo Alto, Calif., maker of virtualization software, which is currently owned by storage giant EMC Corp., could spawn the year's hottest initial public offering when it sells its shares at $27 to $29 each, a 17% boost from its previous estimate of $23 to $25 a share. According to a posting on MorningNotes.com, the deal is 25 times oversubscribed, and investor interest should be strong since virtualization technology is fast growing. The buzz on Wall Street is that the stock will jump at least 20% the first day of trading. If these numbers stick, VMware will have the sexiest IPO since Google Inc. went public in 2004. —Cheryl Meyer
See Aug. 13 story from Bloomberg.com
See Aug. 12 story from FT.com
See Aug. 10 story from MercuryNews.com
See August 2004 story from TheDeal.com
Tags: VMware, virtualization, ipo, m&a, vc, venture+capital
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