VMware Stock Pop Eases, Dell Could Still Seek Merger As Public Firm
Summary
XPublicly traded under the ticker DVMT, the stock tracks Dells 80% stake in enterprise software firm VMware.Palo Alto, Calif.-based VMware rose 5.8% to 155.28 in midmorning trading on the stock market today , after jumping as much as 12% earlier.Dells Class C common stock will ultimately be listed as a public company, retaining its ownership stake in VMware.A rival of Cisco Systems ( CSCO ) and Hewlett Packard Enterprise ( HPE ), Dell has been mulling its corporate structure in the wake of tax changes that impact its debt load.Activist investor Carl Icahn in April said he has accumulated a midsize stake in the enterprise software provider.
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HealthTech
applications
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Enterprise Infrastructure Software
Cloud Infrastructure Software
Cybersecurity Software
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VMware
$1M to $5M