Dell is going public again

by

Michael Dell, founder and chief executive officer of Dell Inc., speaks during the 2015 Dell World Conference in Austin, Texas, U.S., on Wednesday, Oct. 21, 2015. Dell said trimming debt for the massive deal to combine his namesake company with EMC Corp. should progress relatively quickly in the next couple of years. Photographer: Matthew Busch/Bloomberg via Getty Images

Dell went private back in 2013 to reorganize without quite so much external pressure to perform. Now, however, it’s ready to go public once again. The company has unveiled a plan to buy its own tracking stock in a $21.7 billion deal that, in exchange, will offer a “new class” of public stock on the NYSE. The move won’t change Dell’s control over VMware (which it took when it bought EMC), but it could help Dell pay off its debt at a faster rate than it has so far.

Leave a comment

Subscribe Scroll to Top