Secureworks By Dell Aims To IPO Launch In April

Secureworks By Dell Aims To IPO Launch In AprilSecureworks By Dell Aims To IPO Launch In April

Ending the Technology IPO drought is one of the goals of CyberSecurity Firm owned by Dell Inc. the Dell has owned SecureWorks Corp few times ago. In the week of April 11, the company could start its roadshow to market the stock to investors. According to a previous securities filing, the shares are expected to trade on Nasdaq under the symbol “SCWX”. It could be the first technology company to debut on American Stock Exchange in 2016 which helps corporations lock down their systems and check for computer intruders. The market of IPO has been ailing amid volatility in market by sending a positive signal about it. Due to uncertainty over how investors would receive it in such tough IPO market, SecureWorks would likely sell relatively small portion of itself in the offering.

The odds and demands would be hiked by limiting the supply of IPO shares. With just $150 million, the company decided to raise the cost. The IPO proceeds and valuation are continually in motion before the trading of shares. Its valuation expectations may have come down as the firm had been targeting with $2 billion in last year and trading down with 20 percent or higher figure. The slowest period of sales was the first quarter amid the absence of tech offerings. Raising the cash to finance the EMC deal is the major objective of Dell. The company signed an agreement to sell IT Services division for $3 billion to EMC corp.

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