VMV Stock Closes At $51 After Explosive VMware IPO

The VMware IPO burst out of the gate, having originally launched on Monday for $29.00 per share of VMW stock.

VMware stock closed at $51.00 yesterday, having been as high as $55.15 before falling to $53.00 and finally falling still further to close at $51.00

This is still a great performance for VMW stock holders and VMW was able to hold the gains above $50.

VMW Stock Quote

VMW stock opened at around $50 at the beginning of yesterday with as many as 10 million shares being traded. VMW stock then fell sharply to near $48 before VMware stock hit a peak at around 1pm EDT when VWM traded at around $55.15. VMW then gradually declined until it closed at $51, but the vast majority of trading took place in the first hour or so.

How successful do you think the VMware IPO was?

Will VMW stock continue to rise?