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Reuters reports that Dell has officially gone public today, opening at around $46 a share and joining HP and other tech firms in the public markets. Dell has a rather complicated financial history, as after their initial IPO, Dell went private about 5 years ago, and ownership stakes in the company frequently changed hands during that time. Their investor portal hasn't been updated, and I can't find any shares on Schwab yet, but the class A stock price is listed if you Google "NYSE: DELL". Theoretically, if you want to own a slice of the PC maker, now you can.
The tracking stock was tied to an 81 percent economic stake in VMware and buying it back allowed Dell to bypass the traditional IPO process, which would likely have involved grilling by investors over Dell’s $52.7 billion debt pile. The company received the necessary shareholder approval for the deal in early December...Dell holds 17 percent of the global PC market share year-to-date, behind rival HP Inc's 23 percent and Lenovo Group Ltd's 21 percent share, according to data from Canalys.
The tracking stock was tied to an 81 percent economic stake in VMware and buying it back allowed Dell to bypass the traditional IPO process, which would likely have involved grilling by investors over Dell’s $52.7 billion debt pile. The company received the necessary shareholder approval for the deal in early December...Dell holds 17 percent of the global PC market share year-to-date, behind rival HP Inc's 23 percent and Lenovo Group Ltd's 21 percent share, according to data from Canalys.