Shares of VMware surged in it's IPO debut on Tuesday. VMW closed up $22 from the IPO price to close at $51.
In an interview VMW CEO Diane Greene said the successful IPO will give the company the capital necessary to make acquisitions and other investments.
VMware's sales rose more than 70 percent last year, topping the $1 Billion mark.
EMC's software unit VMware is a step closer to an IPO debut. Shares were priced at $29 on Monday, the high end of the range.
EMC will continue to control an 87% stake in the new company. VMware's IPO will consist of Class A shares and EMC will retain Class B shares. The Class B shares will have a 10:1 voting ratio to the Class A shares. EMC will maintain control of 26.5 million shares of Class A common stock in addition to the total 300 million of Class B shares.
EMC acquired VMware in 2004 for $623 Million, making this IPO an incredibly lucrative deal for EMC as the IPO price values VMware at $10.9 Billion.
VMware will trade on the NYSE under the ticker symbol "VMW".
Zinc producer Horsehead Holding's initial public offering (IPO) of 4.86 million shares traded above their issue price of $18 in Fridays debut on the NASDAQ.
Horsehead, which is based in Monaca, Pennsylvania, gained 60 cents to close at $18.60
Horsehead trades on the Nasdaq under the symbol "ZINC."
Concho Resources
Proposed symbol CXO
IPO date not yet announced
Concho Resources explores and develops properties, located primarily in the Permian Basin region of eastern New Mexico and the western area of Texas, for the production of oil and gas. It also owns properties in North Dakota and Arkansas. More than half of the company's 467 billion cu. ft. in proven reserves is made up of crude oil while the rest consists of natural gas. Concho Resources gets two-thirds of its sales from crude oil. Customers include such energy marketers as Navajo Refining Company (53% of sales) and DCP Midstream (18%). The company has over 80 producing wells in operation. Chase Oil owns 48% of the company.
Encore Energy Partners
Proposed Symbol ENP
IPO date not yet announced
Encore Energy Partners was formed by Encore Acquisition Company, the partnership plans to acquire, exploit, and develop existing oil and natural gas properties. Encore's primary assets consist of oil and natural gas properties in the Elk Basin of Wyoming and Montana, and in West Texas' Permian Basin. With proved reserves of 22.2 million barrels of oil equivalent the company's mature fields and predictable production profiles will theoretically provide consistant quarterly cash distributions for investors, with increases in the future as the company adds to its properties. Encore Energy plans to utilize its close ties to Encore Acquisition Company for future acquisitions.
SandRidge Energy
Proposed Symbol SD
IPO date not yet announced
SandRidge Energy explores for and produces oil and natural gas, mainly in West Texas. The company also owns and operates drilling rigs and a related oilfield services business. In addition it operates gas gathering, marketing, and processing subsidiaries. Its 87%-owned PetroSource subsidiary operates CO2-treating and transportation facilities and has tertiary oil recovery operations. SandRidge Energy also has oil and gas acreage in Oklahoma's Anadarko and Arkoma Basins, and in Colorado's Piceance Basin. It has estimated net proved reserves of 1 trillion cubic ft. equivalent. CEO Tom Ward holds 34% of the company.
Aegerion Pharmaceuticals Inc. has delayed a scheduled IPO (Initial Public Offering) due to "market conditions". Aegerion was slated to sell 5 million shares of common stock at $12 to $14 per share. The net proceeds were to be used to repay debt, fund clinical programs and general corporate purposes.
The company also applied with the Securities and Exchange Commission for the withdrawal of its registration statement on Friday.
"The postponement of Aegerion's IPO has no impact on ongoing clinical programs, which continue to progress as scheduled," said President and Chief Executive Jerry Wisler.
Aegerion currently has two product candidates which are designed to lower cholesterol levels in patients by limiting the secretion of cholesterol and triglycerides, also known as lipids, from the intestine and liver.
Blackstone
Group announced that it's initial public offering ( IPO ) will take place during the week of June 25. Morgan Stanley is the primary underwriter.
The IPO represents 12.3 percent of Blackstone's management division.
The IPO is expected to raise as much as $4.75 billion. In addition to the IPO funds, Blackstone secured $3 billion in May from an investment from the Chinese government. In total, Blackstone is expected to be valued at approximately $32 billion.
Yingli Green Energy Holding Co. Ltd., a solar-energy products maker in China, is scheduled to launch it's U.S. IPO the week of June 4, 2007. The terms of the initial public offering are 29 million American depositary shares, with an estimated price range between $11 and $13 per share.
Yingli Green Energy Holding Co. is based in Baoding, China. The company is offering 26.55 million shares, and Yingli Power Holding Co. Ltd., the company's controlling shareholder, is offering 2.45 million additional shares, according to an amended prospectus filed with the Securities and Exchange Commission.
The underwriters have an option to purchase up to 4.35 million additional shares from certain selling shareholders to cover overallotments.
Yingli Green Energy Holding Co is scheduled to list on the New York Stock Exchange under the symbol YGE.
The company said it intends to use the net proceeds from the IPO to redeem bonds issued last November. Its operating subsidiary will use the proceeds from the equity contribution to fund a planned expansion of manufacturing capacity, to buy raw materials and for other general corporate purposes.
Clean Energy Fuels (CLNE), a utility and natural gas company controlled by legendary energy investor T. Boone Pickens, is set to launch a 20 million share IPO (Initial Public Offering) on Friday May 25.
The stock is scheduled to trade on the NASDAQ Global Market under the symbol CLNE.
Clean Energy is the leading provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company operates about 170 gas stations in the US and Canada where customers can fuel their vehicles with compressed natural gas (CNG) or liquefied natural gas (LNG).
CLNE plans to use the IPO proceeds to construct an LNG plant in the Western US as well as to purchase fleet vehicles that it will later sell to customers.
Founder Boone Pickens owns about 73% of the company.
