Dell Considers Going Public Again
Recent reports reveal that Dell Technologies is considering going public again, just four years after Michael Dell took the company private.
According to Bloomberg, the move would enable the PC maker to reduce significant debt levels and raise cash.
Dell’s IPO would undo what was reportedly the biggest leveraged buyouts in tech business history.
Reports state that Dell’s Board is meeting later this month to discuss several strategic options – including an IPO.
Back in 2013, Michael Dell teamed up with Silver Lake to take his company private. The decision enabled the company to cut costs, and further increase its ability to become a notable supplier of hardware and software for corporate data centres.
Dell purchased storage-technology provider, EMC Corp, three years later. It also acquired a majority stake in data centre software provider, VMware.
According to Bloomberg, Dell accrued nearly US$46 billion of debt. Raising cash could, therefore, help lighten the load.