EMC's VMware raises projected IPO pricing

EMC Corp. said today that it expects shares in its VMware software unit to sell for about 16 to 17 percent more than previously projected amid growing interest in what's been touted as one of the hottest IPOs of the year.

The company said in an amendment to its prospectus filed with the Securities & Exchange Commission that it expects shares in the company to sell for between $27 and $29 each.

In an Aug. 3 amendment to its prospectus, it reiterated a previous estimate that the stock would sell for between $23 and $25 a share.

The company began its roadshow last week and the IPO is expected to price early next week. (Reuters)