Dell moves to go public, spurns IPO

Dell said the cash and stock deal will value its equity at between $61.1 billion and $70.1 billion, more than twice the $24.9 billion that founder and Chief Executive Michael Dell and buyout firm Silver Lake paid to take company private in 2013. The transaction will allow Dell to bypass the traditional IPO process, which would likely have involved grilling by stock market investors over its $52.7 billion debt pile. It also means Dell will not have to raise any new money, because it will pay for the deal by issuing new shares and a $9 billion dividend …read more

Source:: Yahoo Finance


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