Dell goes public again after five years

The American Dell has announced that after five years public shares of the company will be tradeable on the stock exchange. That was last the case in 2013, when Dell disappeared from the stock exchange after a deal with the founder and investor Silver Lake.

Dell writes that it will now exchange public tracking stock for common stock, which trades on the New York Stock Exchange. That tracking stock was given to EMC shareholders and represented the value of EMC’s 81 percent stake in virtualization company VMware. Dell completed the acquisition of EMC in 2016.

According to Bloomberg, the tracking stocks were supposed to make it easier to close the EMC deal. Holders of those shares now have the choice of either owning the new public Dell shares or selling their existing shares for a price of $109. Dell expects these shareholders to own about 20 to 31 percent of the company after the deal closes. The measure should help Dell get rid of debt; According to the financial news agency, there is currently an amount of 52.7 billion dollars outstanding.

Michael Dell, who currently owns 72 percent of Dell’s shares, will remain as CEO. Dell has considered several scenarios in the run-up to the current decision, including an acquisition or reverse listing by its subsidiary VMware. Dell then responded to the rumors by stating that it was exploring several options, including an IPO or a combination with VMware.