VMWare, a subsidiary of EMC that provides virtualization solutions to aggregate multiple servers, storage infrastructure, and networks together, announced the terms of its upcoming IPO Monday. The company plans to offer 33 million shares at a price between $23.00 and $25.00 per share. Additionally, it announced that Intel plans to invest $218.5 million at $23.00 per share. Citi, JPMorgan, and Lehman Brothers are the bookrunners on the deal.
