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VMware IPO Set for Aug. 14

Stock quotes in this article: EMC , INTC , CSCO  

EMC's(EMC Quote) partial spinoff of its VMware division will go public in two weeks, according to MorningNotes.

The initial public offering of 33 million shares in the virtualization software maker will come down Aug. 14 at a range of $23 to $25 each, according to the company.

"I expect it to price higher," said Scott Sweet, managing director at IPO Boutique. "I'd be very shocked, considering the demand for this deal, if it comes at $25." The pricing range is fairly priced, he added.

"I've not heard any more chatter on an IPO since 1999 and 2000" than the buzz that has accompanied VMware, Sweet said. ...

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