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VMware trades higher
Stephen Withers
Thursday, 16 August 2007 01:54
A market capitalisation of $US21.65 billion - EMC still owns around 90 percent of WMware - puts the company close behind Adobe's $US23.64 billion. (Adobe shares fell slightly on the day.)
Any concerns at EMC that the IPO [price was set too low will be assuaged by the fact that the company acquired VMware for $US625 million just three years ago.
The parent company's share price also fell slightly from $US18.34 to $US18.14. Prior to the VMware IPO, the stock was trading around $US19.
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