The company hopes that the enthusiastic first-day reception in the stock market will also have strategic and marketing benefits. A valuable stock will give VMware the currency to make acquisitions, Diane Greene, the chief executive, said in an interview.
And EMC's view of the numbers:
And EMC, the big computer storage and software company, will continue to own 86 percent of VMware. It bought VMware for $635 million in cash in December 2003.
At a share price of $51, VMware is valued at about $19.5 billion. “It’s been a great investment,” said David Goulden, chief financial officer of EMC.