The IPO for VMware (VMW) has been priced at $29, at the high-end of the most recently stated range, the company announced this afternoon.

VMware is a subsidiary of EMC (EMC). After the offering, as noted earlier, EMC will own 85.9% of the company’s shares. Intel (INTC) will hold a 2.5% stake, while Cisco (CSCO) will own 1.6%, leaving 10% for the public.

EMC shares, which rose $1.33 to $19.05 in today’s regular session, gained another 31 cents in after hours trading.