VMware to file for $100 million IPO

Reuters is reporting that VMware has filed with U.S. securities regulators to raise up to $100 million in an initial public offering of Class A common stock. As expected, EMC will retain approximately 90% of the company via ownership of non-public Class B shares, which are entitled to 10 votes per share, compared with one vote per share for the Class A offerings. The company has not decided whether to list on the New York Stock Exchange or on the NASDAQ. EMC CEO Joe Tucci has been quoted as saying the IPO could happen “as early as late June.”