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SecureWorks Stock Flat in Trading Debut After Reduced IPO

  • Company priced shares at $14 a piece to raise $112 million
  • Cybersecurity company owned by Dell valued at $1.1 billion
Updated on

SecureWorks Corp., the cybersecurity company owned by Dell Inc., closed unchanged in its its trading debut after selling fewer shares than originally marketed in its initial public offering at a price below the marketed range.

The company sold 8 million Class A shares for $14 apiece. The stock also closed its first day of trading at $14. That values the company at about $1.1 billion.