The stock reached as high as $55, or $26 above the initial offering price of $29. The biggest beneficiary of the first-day pop was the hardware giant EMC, which acquired VMware in late 2003 and still held an 86 percent stake after Tuesday’s …
VMware • VMW-NYSE Overweight • Price $107.83 on Sept. 26 by Morgan Stanley After several of years of investment in setting up and integrating businesses in newer product categories—including NSX (network virtualization and security), …
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(It is majority owned by EMC but reports financial results separately and has its own stock listing.) The company Mr. Maritz inherited last year, when the founders, Diane Greene, the chief executive, and her husband, Mendel Rosenblum, …