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Dell's SecureWorks Aims to Raise Up to $158M in Public Listing

SecureWorks Corp., the cybersecurity company owned by Dell Inc., aims to raise as much as $157.5 million in its initial public offering.

The company is marketing 9 million shares at a range of $15.50 to $17.50 apiece, according to its updated prospectus. Proceeds from the cybersecurity firm’s IPO will be used for working capital and other purposes like developing new technologies and acquisitions, the filing said.