Dell's Cyber Security Unit Secureworks Valued at Up to $1.42 Billion in IPO
Grow Your Business, Not Your Inbox
The Atlanta, Ga.-based company said on Monday that its offering of 9 million class A shares could raise as much as $157.5 million.
The Wall Street Journal first reported in October that Dell, the third-largest personal computer maker, had filed confidentially for listing SecureWorks, which it bought for $612 million in 2011.
Founded in 1999, SecureWorks has 4,200 clients in 59 countries.
The company said it planned to list its class A common stock on the Nasdaq under the symbol "SCWX."
Rapid7 Inc. and Mimecast Ltd. had successful listings last year, but their share prices have slipped below the IPO price since then.
(Reporting by Sruthi Shankar and Anya George Tharakan in Bengaluru; Editing by Kirti Pandey)