News: SecureWorks decreased the share price and the number of shares from what was marketed.
SecureWorks, a subsidiary of Dell, has sold 8m shares at a price of $14 per share. This has made investors doubt the prospects of the company, as the initial pricing was between of $15.50 to $17.50 for 9m shares.
SecureWorks has also offered a 30-day option to purchase up to an additional 1,200,000 shares of Class A common stock for underwriters. These underwriters include Bank of America Corp, Morgan Stanley, Goldman Sachs and JPMorgan Chase.
SecureWorks originally marketed to sell nine million shares within a price range of $15.5 to $17.5 each. The shares will be traded, starting Friday, 22 April 2016, at Nasdaq Stock Market under the symbol SCWX.
SecureWorks has only been able to raise $112m in its IPO, a number far below that of other technology companies that went public last year. For the full article click here
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