Dell is returning to the public market

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Once it acquires all VMWare stock, Dell will once again be a publicly traded company.

In a $23.9 billion-dollar deal, Dell shareholders voted today to make the company public once again after five years of being a privately-held company. To make their publicly-traded status official, Dell is in the process of acquiring all the tracking stock of their subsidiary VMWare (DVMT) at $120 per share. This decision is expected to help the company grow further by allowing Dell to go after more stock-based acquisitions to gain more IP and expertise it needs to stay competitive in the tech-market.

In 2013, shareholders voted to completely move into the private spear, allowing CEO Michael Dell to take the first step in turning the company into a larger high-tech company without pressure from investors focused on quarterly reports. With the freedom to reorganize, Dell was able to become a leading supplier of PCs, software, storage, and much more, causing its position within the tech-market to rise dramatically. One of Dell's biggest acquisitions, and largest tech-deal in history to-date, was when it purchased EMC for $67 billion, which also afforded them control of VMWare.

Now, the goal is to attract mid and long-term investors, continue to be a major player among other high-tech companies, and stay relevant for the long-haul. (Piece of cake, right?) Dell shares will return to the NYSE later this month after it finishes buying back the stock of its subsidiary.

Thanks, AnandTech.

Joanna Nelius
Joanna Nelius
When Joanna's not writing about gaming desktops, cloud gaming, or other hardware-related things, she's doing terrible stuff in The Sims 4, roleplaying as a Malkavian, or playing horror games that would give normal people nightmares. She also likes narrative adventures.