VMware IPO Adds Luster to EMC

On the eve of the eagerly awaited offering, EMC is poised to become the dominant player in information management, according to S&P

The highly anticipated initial public offering of VMware has placed the spotlight on its parent, EMC (EMC; recent price, $17.72). The offering is scheduled to begin trading Aug. 14 on the New York Stock Exchange (NYX), according to press reports. The company will still hold 89% ownership in VMware after the IPO.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.