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Adam_a

Dell Technologies Returns To The Market

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Forgoing the normal IPO process, the company instead bought back shares of DVMT.N, which tracked the financial performance of VMware (of which, Dell holds an 81% stake). This deal is reported as being worth around $21.7 billion. This also means that Dell could avoid talking about its debt that is reported at $52.7 billion. The shares opened at $46 for a market valuation of $16 billion. 

 

 

Dell Technologies Returns To The Market

 

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