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Double-Take, VMware Adjust Plans

Posted by James Rogers on August 11, 2007

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Double-Take and VMware have added flesh to the bones of their IPO plans, looking to raise around a billion dollars in imminent public offerings.

Replication specialist Double-Take announced pricing for its secondary IPO this morning, setting its share price at $16, while VMware has upped the ante for its own much-anticipated offering, which is expected early next week. (See Double-Take Prices Shares and VMware Files With SEC.)

Double-Take's secondary offering, which will close next Wednesday, follows an IPO back in December, which raised around $55 million. (See Double-Take, Isilon Go Public and Double-Take Seeks IPO.)

Thomas Weisel Partners and Cowen and Company are acting as joint book-running managers for Double-Take's secondary IPO, with CIBC World Markets Corp., Needham & Company, Canaccord Adams. and JMP Securities acting as co-managers.

Double-Take is selling 100,000 shares and stockholders are selling 2,690,000, according to documents filed with the SEC this morning.