VMware Shrugs Off Shaky Markets

The virtualization-software maker's initial public offering is generating plenty of interest. Can it live up to the expectations?

In what could become one of the most successful initial public offerings of the year, software maker VMware went public Aug. 14 with an offering that valued the company at close to $20 billion, rewarded shareholders of majority owner EMC, and could prove a barometer of investors' appetite for new issues during a summer of volatile stock market swings.

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