Dell-owned Pivotal Software has filed for an initial public offering with the US Securities and Exchange Commission.
The software vendor, which provides a cloud-native platform for software development, is looking to raise $100m by floating, according to the document.
Pivotal was spun out of EMC and VMware in 2013, before the merger in 2016 brought EMC and all of its subsidiaries under Dell's ownership.
GE, Ford and Microsoft have each made a "major investment" in Pivotal over recent years, according to Pivotal's website, giving each of the trio a stake in the vendor.
For the year ending 2 February 2018 Pivotal reported a revenue of $259m, up 22 per cent on the previous year, along with a net loss of $163.5m.
Dell Technologies is currently the majority shareholder and will retain its controlling stake after the IPO via its subsidiaries, the filing said.
The Pivotal news comes soon after Dell Technologies admitted it was considering a change in its corporate structure, which could see it acquired by subsidiary VMware in a reverse merger.
Highlander MD Steve Brown tells CRN about the skills he learned on the pitch and brought to the boardroom
Reports suggest Dell is pursuing a straightforward IPO, contradicting existing plans to buy out tracking stock holders
Analysts predict upturn in PC market next year, but 2017 to remain plagued by components shortages
Neil Sawyer claims he has 'never seen so many conversations about a new method of investing in workplace technology'