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SecureWorks is pricing its initial public offering at $14 a share, below the range of $15.50 to $17.50 it had hoped to fetch in its filings two weeks ago.
There are three more IPOs lined up this week, and one bank is leading all of them.
SecureWorks would sell in the range of $15.50 to $17.50 a share. At the high end, SecureWorks would be worth roughly $1.4 billion once it goes public.
Dell is about to take its security business SecureWorks public. It bought the company for $612 million and is hoping it'll be worth $2 billion when it goes public.