Moneycontrol

Dell considering options including IPO, VMware merger: Source

Dell is also considering a sale of its unit, Pivotal Software Inc unit, said the source, who declined to be named because the discussions are private.

January 26, 2018 / 09:21 IST
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The other IPO which also received huge responses were Happiest Minds Technologies and Chemcon Speciality Chemicals, which was subscribed 150.98 times and 149.3 times respectively. Interestingly, both these stocks have seen bumper listing gained over 100 percent. Let's see how the IPO subscription and listing happened in 2020 so far, considered only IPOs issue size over Rs 100 crore.

PC-maker Dell Technologies Inc is considering strategic options including a public share offering and a merger with its majority owned New York-listed unit, VMware Inc, a source familiar with the matter told Reuters on Thursday.

Dell is also considering a sale of its unit, Pivotal Software Inc unit, said the source, who declined to be named because the discussions are private.

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News of Dell exploring options was earlier reported by the Wall Street Journal and Bloomberg News.

Dell's board is meeting later this month and will discuss its options, Bloomberg reported, citing people familiar with the matter, adding that the company may also decide not to make any such move at this time.