- Dell is making its cybersecurity arm, SecureWorks, public to finance a portion of the EMC deal.
- SecureWorks presents impressive top-line growth but a very disappointing bottom line for a 17-year-old company.
- SecureWorks IPO does not offer investment opportunities over other players in the cybersecurity space. SecureWorks (SCWX), the cybersecurity subsidiary of Dell, filed its S-1 with the SEC last week to go public. Making SecureWorks public is part of Dell’s strategy to finance thegiant merger with EMC (NYSE:EMC) by selling some assets, making other assets public, and receiving debt financing for the remaining $67B Dell agreed to pay for EMC. For the full article click here
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