Dell’s SecureWorks Has Lackluster Trading Debut
In its first day of trading on Friday, shares of SecureWorks, a digital security company, have been hovering near the $14 price it set the night before. The stock opened on the Nasdaq market at $13.89.
The I.P.O. price yields a valuation of $1.1 billion, which is almost double the roughly $600 million Dell paid for the company in 2011, according to Triton Research, which provides information on private companies.Read full article at nytimes.com