Monday, July 9, 2007

EMC's VMware unit expects IPO price at $23-$25/shr

(Reuters) - Following the offering, VMware will have two classes of common stock, Class A and B, and EMC will continue to be the controlling stockholder.




EMC will own 32.5 million Class A and all 300 million Class B shares, representing about 89 percent of the company's outstanding shares, the filing said.


Read more at Reuters.com Business News

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