22-04-2016 19:07 via news.yahoo.com

Dell SecureWorks, 2016's first tech IPO, fizzles on Wall Street

SecureWorks Corp's lackluster debut on Friday hardly registered as a victory for the battered technology IPO market, as the cyber unit of Dell Inc raised less than the company had sought in its public offering and saw its stock price dip. SecureWorks shares opened at $13.89 on Friday, below the $14 per-share price set Thursday. In the first U.S. technology IPO this year, ending the longest drought in seven years, many investors and cyber security entrepreneurs hoped SecureWorks would reinvigorat
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