Friday 18 December 2015

Dell’s cybersecurity unit files for an IPO

Dell Inc’s cybersecurity unit SecureWorks Corp filed for an initial public offering with U.S. regulators on Thursday.

SecureWorks named Bank of America Merrill Lynch, Morgan Stanley, Goldman Sachs & Co and JPMorgan among the underwriters to the IPO, according to a preliminary prospectus filed with the U.S Securities and Exchange Commission.

The Atlanta, Georgia-based company said it intends to list its Class A common stock on the Nasdaq under the symbol “SCWX”. The filing did not reveal how many shares were planned for sale in the IPO or their expected price. The company set a nominal fundraising target of $100 million. For the full article click here 



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