WSJ : Dell Technologies To Interview Banks For IPO Instead Of Acquisition

(RTTNews) - Dell Technologies Inc. is exploring the possibility of launching a traditional Initial public offering instead of going public through a proposed acquisition that has met resistance from several investors, the Wall Street Journal reported.

The PC and storage giant plans to interview several banks for underwriting roles in an IPO this week, the Journal reported citing people familiar with the matter. As a result, it has postponed by about a week a roadshow to sell the takeover deal that was to begin this week, the people said.

Dell would be one of the largest U.S. companies to launch an IPO. It is far from certain that it will ultimately do so, however, and interviewing banks could be seen as a tactic to put pressure on investors to support the current deal.