Dell mulls IPO in bid to boost revenue

Dell Technologies is considering strategic options including a public stock offering, according to people familiar with the matter, as the corporatetechnology company seeks ways to boost revenue and raise funds.

The board is meeting later this month and will discuss its options, said the people, who asked not to be identified because the talks are private. Round Rock, Texasbased Dell may also decide not to make any such moves at this time, the people said.

Founder and Chief Executive Officer Michael Dell took his company private in 2013, when he teamed up with Silver Lake Management LLC on a leveraged buyout. That freed Dell to cut costs and work to become a bigger supplier of hardware and software for corporate data centres without the quarterly investor scrutiny that comes with being a public company. Three years later, Dell acquired storage-technology provider EMC Corp and its majority stake in data-centre software vendor VMware, taking on a massive debt load to seal the $67 billion deal.

Raising cash could help the company further expand or pay off some of the debt. Dell Technologies has about $46 billion of debt, according to data compiled by Bloomberg.