Financial Management Weekly Assignment 3

Group members:

Gladys Susan James. 127721215

Cenobia Rodney Paul. 150045201

Dell Technologies is the controlling shareholder of Dell. An American corporation develops,

distributes, restores, and promotes computers and related goods and services.
Between 1984 and 1988, Dell Inc. was known as PC's Limited. From 1988 through 2003, the
corporation was known as Dell Computer Corporation. Dell has grown into a global corporation
that designs, develops, and manufactures personal computers (PCs) and other computer-
related products. The firm is a primary provider of personal computers around the world. The
headquarters of Dell is in Round Rock, Texas.

In 1988, the firm chose to go public to extend its market globally. It expanded its company
effectively by creating manufacturing centres in Ireland, Limerick, Africa, Europe, and the Middle
East. As the company's business grows, it expands its operations throughout Japan and Asia.
Its market value is increasing, and in 2001, it became the world's largest computer system
provider. They raised $30 million, allowing them to grow their market capitalization from $1,000
to $85 million.

In a deal including private equity firm Silver Lakes, Microsoft Corp., and Dell Technologies Inc.,
the company went private in 2013 for $24.4 billion, or $13.65 per share. As the company
suffered, Michael Dell agreed to take it private, wanting the freedom of movement that comes
with being removed from Wall Street and investors. The corporation can get control of its market
by becoming private. Micheal Dell opted to repurchase his firm's stock because he believes a
company should be privately held.

Dell said in 2018 that it would re-enter the public market through a complicated deal, including
the purchase of backtracking shares for VMware, the software company in which Dell owns an
80% stake. Dell was able to circumvent the typical IPO procedure and inquiries and scrutiny
about the company's debt by acquiring an existing publicly traded stock. Dell changed its name
from Dell Computers to Dell Technologies due to this move.

References

Associated Press. (2020, February 6). Five Years Later, Dell Is Going Public Again.

Inc.Com. https://www.inc.com/associated-press/dell-is-going-public-again-vmware.html

CBS News. (2018, July 2). Dell is going public again after five years as a private

business. https://www.cbsnews.com/news/dell-is-going-public-again-after-five-years-as-

a-private-business/
Duberstein, B. (2018, July 13). Dell is Going Public. . .Again. The Motley Fool.

https://www.fool.com/investing/2018/07/12/dell-is-going-public-again.aspx

Eide, N., Eide, N., & Eide, N. (2018, July 3). In 5-year span, Dell goes from public to

private — then public again. CIO Dive. https://www.ciodive.com/news/in-5-year-span-

dell-goes-from-public-to-private-then-public-again/527024/