Dell to float SecureWorks
 

Tin box shifter Michael Dell’s cybersecurity unit SecureWorks has filed for an initial public offering with U.S. regulators.

SecureWorks said it intends to list its Class A common stock on the Nasdaq under the symbol “SCWX” which is suitably cryptic.

Dell bought the outfit in 2011 and it could be worth as much as $2 billion, though the target valuation was not finalised. The filing did not reveal how many shares were planned for sale in the IPO or their expected price. The company set a nominal fundraising target of $100 million.

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