HOPKINTON, Mass. and PALO ALTO, Calif. -- EMC Corporation (NYSE:EMC), the world leader in information infrastructure solutions, and VMware, Inc., the leading provider of virtualization solutions and an EMC subsidiary, today announced that VMware has filed a Form S-1 Registration Statement with the United States Securities and Exchange Commission relating to the initial public offering (IPO) of Class A Common Stock of VMware.
VMware will be offering approximately 10% of its Class A Common Stock in the IPO. VMware and EMC expect the IPO will unlock more of VMwares value for EMC shareholders, as well as strengthen VMwares ability to attract and retain the software industrys top talent and reinforce EMCs commitment to VMwares strategy of platform neutrality.
Citi, JPMorgan and Lehman Brothers are acting as the representatives of the underwriters and, together with Credit Suisse, Merrill Lynch & Co. and Deutsche Bank Securities will act as joint book-running managers of the offering.