Dell Technologies is weighing up various strategic options, such as a public stock offering or grabbing complete ownership of VWware, according to reports.
First unveiled by Bloomberg, with the board meeting later this month, the vendor is considering major shifts in approach, with an IPO most likely to make the market listen up.
Bloomberg reports that when Dell acquired storage giant EMC and snared a majority stake VMware it gave Dell a "massive debt load". According to data compiled by Bloomberg, Dell Technologies has about $46bn (£32bn) of debt.
Founder and CEO Michael Dell took his company private in 2013 by working with Silver Lake Management on a leveraged buyout. Keen to ensure its market share does not slide away, an IPO could boost revenue and raise funds for Dell.
A second option is to buy the rest of VMware that Dell does not already own, while a third option is a public share sale for its Pivotal Software cloud-computing business.
Richard Holway, chairman of TechMarketView, told CRN that an IPO would make sense for a company such as Dell, which is known all around the world.
"In the past Michael Dell has criticised public markets and said how pleased he was to be a private company and that he didn't want to go back [to being listed]. However, other than being bought, listing is one of the few only viable routes to getting something out of the company," said Holway.
"A Dell IPO would be welcomed if it happened and there would be a very good response to it. At the time, taking Dell private [in 2013] was not only a good move, but it was executed well."
Nima Green asks what is driving public cloud uptake in Germany
In the wake of yet another lawsuit involving Oracle, we run through 10 of the vendor's biggest court battles
CEO Chuck Robbins says Cisco will use the Catalyst 9000 product range as a template for future launches
Today saw 14 of the UK IT channel's biggest hitters come together to determine the winners of CRN's WiC awards. But what does being a WiC judge actually involve? Doug Woodburn reports