Michael Dell opens up on rationale behind relisting Dell

CEO also confirms plans to leave VMware as an independent company for the long term

Michael Dell has opened up on plans to return Dell to the stock exchange, claiming that its current structure is "too complicated".

In an interview with CNBC, inside the New York Stock Exchange, Michael Dell (pictured) said the move will allow the firm to simplify the structure that currently sees it trade as a tracking stock related to VMware's performance.

On Monday Dell Technologies announced that it would be relisting as a public company, with VMware remaining independent.

"We have an extraordinary business that's doing incredibly well," Michael Dell said.

"We brought together the best assets of the industry, we have invested heavily, we changed the trajectory considerably, and if you look at the original businesses that we started with, we've had 21 quarters in a row of growth and share in those businesses.

"In the last five years a lot has changed. We have completely transformed the business, become the essential infrastructure company [and] really changed the profile nature of the company in terms of our capabilities.

"This is about simplifying our capital structure and exposing the value that we've created to shareholders."

Michael Dell initially took his eponymous company private in 2013, before masterminding the colossal takeover of EMC which completed in 2016.

In the interview with CNBC he denied that the move to relist Dell was a result of private equity backer Silver Lake wanting to realise its investment, claiming that the firm sees Dell as a long-term investment.

"They're very committed to the investment," he said. "I'll tell you, I've asked them several times, "hey, you guys want to sell?" I'll buy them out, right?"

Michael Dell also opened up on VMware's future, insisting that the long-term plan remains to keep the vendor as a standalone firm.

"We want it to remain an independent public company," he said.

"VMware is doing great. Pat [Gelsinger, CEO at VMware] and the team have done a fabulous job in moving the business for this multi-cloud era, and along with the kind of turbo boost with Dell Technologies, with 40,000 salespeople VMware is extremely well positioned."