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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

Michael Dell / Getty

 

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

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.
The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO could be different.

Bank of America Merrill Lynch, Morgan Stanley, Goldman Sachs & Co and JPMorgan among the underwriters to the IPO.

 

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