San Francisco — Dell Technologies, the world’s largest private technology company, announced plans to trade publicly again, entering a new stage of a multiyear turnaround plan. The tech giant will return to public markets by subsuming its tracking stock, DVMT, in a cash and share-swap deal, Dell said in a filing on Monday. The shares, currently worth about $17bn, are meant to mirror the value of software maker VMware, in which Dell has a controlling stake. As part of the deal, VMware will pay DVMT shareholders an $11bn special dividend and Dell will offer more shares to make up the difference, giving a total deal size of $21.7bn. Dell Technologies class C common stock will become publicly listed on the New York Stock Exchange. CEO Michael Dell has considered a variety of options to streamline his multicompany tech empire and help the business manage a massive debt load. Bloomberg first reported earlier this year that Dell was considering subsuming the tracking stock. Other options h...
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