Dell is returning to the public market in a $22 billion stock buyout that will still leave CEO/founder Michael Dell and investment firm Silver Lake firmly in charge, as reported by The Financial Times. The company went private in 2013 following a $25 billion buyout by Dell and Silver Lake. Since then, Dell has seen success both in the enterprise market and with its consumer-focused PCs.
By moving back to the public sphere, Dell and Silver Lake will solidify their control over VMWare — which Dell acquired back in 2015 when it purchased enterprise data company EMC to better appeal to business customers — and be placed in a better position to reduce its debts.
“Unprecedented data growth is fueling the digital era of IT,” commented Dell in a statement regarding the company’s public return, “and we are uniquely positioned with our portfolio of technologies and services to enable the digital, IT, security and workforce transformations of our customers.”