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Dell Considering IPO

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Dell Considering IPO

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Entertainment (now)

0 Views • Oct 04, 2018

Description

(Reuters) - Dell Technologies Inc (DVMT.N) confirmed on Wednesday it had met with some investment banks to explore an initial public offering if its plan to buy the tracking stock of VMware Inc (VMW.N) falls through. Dell, which owns 80 percent of VMware, said in July it would buy the tracking stock in a $21.7 billion cash-and-stock deal, to return to the public market. Reuters reported last month citing sources that Dell is exploring a possible IPO.