Hints and tips:
...car start-up Aurora in $530m round (FT) Digital First to Attempt an Overhaul of Gannett Board (WSJ) Lampert gets court go-ahead for Sears rescue deal (FT) Dell explores sale of cybersecurity company SecureWorks...
...But after deducting values for Dell’s stakes in other companies — VMware, Secureworks and Pivotal — the core Dell consisting of PCs, storage and software was worth just $18bn....
...Skout faces considerable competition, including from larger security groups such as SecureWorks that focus on smaller companies....
...But security companies have suffered on the public markets with Nasdaq-quoted Secureworks, one of the only technology companies to list this year, raising less than expected in its initial public offering...
...However, the subdued nature of the SecureWorks IPO casts fresh doubt on investors’ risk appetite after a torrid start to 2016....
...It paid $612m, or over five times sales, when it bought SecureWorks in 2011. The first problem is the IPO market....
...The SecureWorks IPO comes as Dell is funding a $67bn planned acquisition of storage maker EMC....
...Michael Cote, SecureWorks chief executive, said the company had started the process of going public a year to 18 months ago....
...The disappointing SecureWorks offering came amid a tough afternoon for the technology sector....
...SecureWorks also priced on a day when the tech sector was hit with bad news....
...Investors have not embraced this year’s only other tech deal, SecureWorks. The cybersecurity arm of Dell last month cut the size of its deal and priced below an indicated range at $14....
...The news of the SecureWorks roadshow was first reported by the Wall Street Journal....
...Acacia Communications, a Massachusetts-based company that makes components for fibre optic networks, and SecureWorks, the cybersecurity arm of Dell, also have listed in 2016....
...SecureWorks, Dell’s cyber-security division, is set to become the first technology IPO of 2016 on Thursday....
...The outlook for technology deals in the US remains uncertain with SecureWorks, the cyber security division of Dell, raising less than expected in April despite being the first tech IPO of 2016....
...SecureWorks, a rare tech IPO, priced below its indicative range on Thursday night; on Friday it fell further. Instead, it is a capitulation from the high-flying handful....
...SecureWorks, Dell’s cyber security division, is expected to float on Thursday in what will be the first technology IPO of the year....
...The only other tech deal this year — from SecureWorks, the cyber security arm of Dell — priced below its range and is trading below its listing price....
...April saw the stock market debut of SecureWorks, Dell’s cyber security unit, but investor reaction has been muted, with the shares trading slightly below its opening price of $13.89....
...SecureWorks, Dell’s cyber security division, is expected to list its shares later this week in what will become the first technology-sector IPO so far this year....
...The outlook for technology deals in the US is uncertain with SecureWorks, the cyber security division of Dell, raising less than expected in April despite being the first tech IPO of 2016....
...The other two are Acacia Communications which makes components for fibre optic networks, and SecureWorks, the cybersecurity arm of Dell, both have also have listed in 2016....
...A few companies are set to list next week, including SecureWorks, the cyber security division of Dell which is on track to be the year’s first tech IPO....
...A few companies are scheduled to list next week including SecureWorks, the cyber security arm of Dell, which would be the year’s first IPO from the technology sector....
...for its SecureWorks security division....
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