Anyone going to get in on the first day of trading? I am 70% sure this IPO will be a winner from my research.
IPO of $29, I'd expect it to open trading near $35. I'm in if I can grab it near there and wouldn't be surprised to this to hit $40 opening day (on a strong market). EMC will still own 87% of VMW, and it should move in concurrence with the IPO. An easier trade will be grabbing some EMC on Monday.
Valuation is between 26 and 28 depending on who you look at. This would not be a good longer term swing trade (~3 months) because it will probably drop down to around that level after the hype fades and when before it declares earnings. That being said, I'm all in on puts at 26.
Another article: http://www.bloomberg.com/apps/news?pid=20601087&sid=aG3IccM_ERlQ&refer=home Are they going to trade options on this stock?