×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: dell | ipo | wsj | banker

WSJ: Dell Said to Plan Banker Interviews Toward IPO

Logo of dell company on samsung tablet
(Mohamed Ahmed Soliman | Dreamstime)

Monday, 24 September 2018 04:14 PM

Dell Technologies Inc., the world’s largest private technology company, plans to interview several banks this week for underwriting roles in a traditional initial public offering as a backup to another plan that has met investor resistance, the Wall Street Journal reported.

The Round Rock, Texas-based company has proposed a $21.7 billion buyout of its tracking stock, DVMT, which some investors have said overvalues Dell.

A more traditional IPO would act as a backup plan if the DVMT deal falls through, the Journal reported, citing people familiar with the plan who asked not to be identified.

A traditional IPO has been under consideration since Bloomberg News reported Dell’s plans in January.

Shares of DVMT are meant to reflect the value of VMware Inc., a software maker in which Dell owes a controlling stake. Investors vote in October on the buyout plan, which proposes an offer price of $109 a share in cash and Dell Class C stock that will be traded for DVMT. That puts the Class C shares at $79.77, more than some investors think it’s worth.

© Copyright 2021 Bloomberg News. All rights reserved.


StreetTalk
Dell Technologies Inc., the world’s largest private technology company, plans to interview several banks this week for underwriting roles in a traditional initial public offering as a backup to another plan that has met investor resistance, the Wall Street Journal reported.
dell, ipo, wsj, banker
177
2018-14-24
Monday, 24 September 2018 04:14 PM
Newsmax Media, Inc.
Join the Newsmax Community
Register To Comment Login To Comment
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved