Virtualization firm VMware has biggest tech stock IPO since Google

In one of the tech sector's most anticipated initial public offerings since Google, shares of VMware of Palo Alto rocketed 76 percent in their first day of trading Tuesday.

After expenses, VMware was expected to take away $957 million, the largest technology stock premiere since Google raised $1.2 billion in 2004.

The one-day gain was the largest for an IPO this year, according to Renaissance Capital's IPOhome.com. Renaissance Capital analyst Paul Bard said VMware is "one of the most compelling high-tech companies to go public since Google."

Read Full Article from San Francisco Chronicle

- Posted: 2007-08-15 09:57:09

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