Five years after paying $612 million for cybersecurity company SecureWorks Corp., technology giant Dell Inc. is poised to pull off an initial public offering valuing the former at roughly $1.4 billion following a spin-off by its parent.
Hogan Lovells and Davis Polk & Wardwell also stand to benefit from 2016’s first big technology listing, which will see Austin, Texas-based Dell float about 20 percent of its stake in SecureWorks. An S-1 securities filing by SecureWorks on Monday shows that the Atlanta-based company expects to raise $157.8 million through an IPO that will generate an estimated $4 million in legal fees and expenses.
