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Virtualization services provider VMware raises expected range

August 9, 2007
VMW

VMware, a leading provider of virtualization software to over 20,000 organizations, raised its expected price range Thursday. The company now plans to offer 33 million shares at a range of $27 to $29 per share, a 17% increase from its proposed $23 to $25 range. Citi, JP Morgan, and Lehman Brothers are the lead managers on the deal.