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jedberg
on March 23, 2018
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Pivotal Software S-1
Interesting. I wonder if it is coincidence, or if they timed this to ride on the Dropbox IPO.
brendino
on March 23, 2018
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It's related to the Dell - VMWare reverse merger. They have to raise cash to fund the merger.
jedberg
on March 23, 2018
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That makes sense. I didn't put that together.
goatherders
on March 23, 2018
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Seriously? Dell owns 50% of Pivotal with the rest owned by companies like General Electric and Microsoft. The valuation is $3B. They aren't coattailing anything - it's an actual business with actual customers and actual value.
jedberg
on March 23, 2018
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I know it's an actual business. I wasn't suggesting it wasn't.
But even actual businesses can get a nice boost by filing along with a successful related IPO.
what_ever
on March 23, 2018
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I don't think the decision could be made that quickly. IPOs are usually in work for months if not years.
newfoundglory
on March 24, 2018
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Pivotal has been talking about an IPO for years, yes - but the exact announcement timing could perhaps be adjusted in reaction to other events.
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