VMware prices stock offering at $29 a share

The virtualization software specialist will begin trading on Tuesday on the New York Stock Exchange under the symbol "VMW."

VMware said late Monday that its stock offering is ready to go forward, with shares priced at $29 per share. The virtualization software specialist will begin trading on Tuesday on the New York Stock Exchange under the symbol "VMW."

VMware had been an independent company until storage giant EMC announced a $635 million acquisition of the software maker in December 2003. In February of this year, EMC said it would sell a stake in the company through a public offering. The stock offering comes as virtualization is taking on an increasingly central role in the computing world.

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