Dell Technologies, the world's largest private technology company, announced plans to trade publicly again, re-emerging five years after its leveraged buyout as a more diverse leader in computer equipment and software, though one burdened by debt.
The tech giant will return to public markets by buying out its tracking stock, DVMT, in a cash and share-swap deal valued at $US21.7 billion, Dell said in a filing. The shares, worth about $US17 billion as of Friday, were created to mirror the value of software maker VMware, in which Dell has a controlling stake. The move aims to simplify Dell's tangled corporate structure without weighing on its balance sheet.
