Friday, December 18, 2015

Dell's SecureWorks Files For $100M IPO

Round Rock-based Dell has put up its security software arm, SecureWorks, to the market, and has filed for a $100M IPO for its subsidiary. According to a regulatory filing by SecureWorks, it is looking to raise up to $100M in an IPO on the NASDAQ Global Select Market. SecureWorks is hoping to trade as SCWX. SecureWorks is 100% owned by Dell. The IPO is being underwritten by BofA Merrill Lynch, Morgan Stanley, Goldman, Sachs & Co., J.P. Morgan, Barclays, Citigroup, Credit Suisse, RBC Capital Markets, UBS Investment Bank, Pacific Crest Securities, Stifel, SunTrust Robinson Humphrey, and William Blair. SecureWorks is based in Atlanta.