This website uses cookies to offer you the best experience online. By continuing to use our website, you agree to the use of cookies. If you would like to know more about cookies and how to manage them please view our privacy & cookie policy.

Free trial

26 January 2018

Dell pondering a return to the stock market?

Lisa Wright

Stories are breaking this morning that Michael Dell is toying with the idea of relisting Dell, the company he founded in 1984, first listed in 1988 and took private with the backing of Silver Lake Partners in a contentious delisting in 2013.

If there is any truth in these stories, they come fresh off the back of Michael Dell's success in overturning the decision from a court case launched by activist investors, which originally ruled that the company was significantly undervalued when it delisted.

Naturally, no one is being named as the source for the IPO speculation, but there appear to be two options, one being that Dell may list again in its own right or that the company could choose to fully merge with the already listed VMware, of which it became a de facto shareholder after Dell's USD 67bn acquisition of EMC in 2016.

Global stock markets, especially those in the US, are recording record highs, so if a listing were a serious consideration it would provide a significant return on investment for Silver Lake, should they choose to fully exit the company. It would also provide a substantial additional war chest for Dell to further expand its recent acquisition spree.

LIsa Wright

Lisa Wright, Managing Director, M&A products

A regular blogger on this site, Lisa shares her analysis and opinion on news and trends in M&A, private equity, venture capital and IPOs.

A regular blogger on this site, Lisa shares her analysis and opinion on news and trends in M&A, private equity, venture capital and IPOs.

bvdi white logo

How Bureau van Dijk can help you

Certainty is a highly-prized commodity in business. Data might be getting bigger all the time, but this only makes extracting value from it more difficult.

In capturing and treating private company information we aim to give you more certainty – and help you make better decisions and work more efficiently.

 

 

Our solutions are designed to help different business challenges and streamline your workflow. Many of our customers blend our information with their own internal data to get a more complete picture of the companies in their ecosystem.

Try our more certain approach –
welcome to the business of certainty.