Just over four years since Michael Dell took his namesake PC company private, the billionaire is considering taking Dell Technologies public again in a move to help it raise cash and reduce its substantial debt. An initial public offering would undo one of the biggest leveraged buyouts the tech industry has ever seen.
The board is meeting later this month and will discuss its options, according to people familiar with the matter. Round Rock, Texas-based Dell may also decide not to make any such moves at this time, said the people who asked not to be identified because the talks are private.
Dell took took his company private in 2013, when he teamed up with Silver Lake on a leveraged buyout. That freed Dell to cut costs and work to become a bigger supplier of hardware and software for corporate data centers without the quarterly investor scrutiny that comes with being a public company. Three years later, Dell acquired storage-technology provider EMC Corp. and its majority stake in data-center software vendor VMware, taking on a massive debt load to seal the $67 billion deal.
Raising cash could help the company further expand or pay off some of the debt. Dell Technologies has about …read more
Source:: Fortune.com – Tech