Dell Technologies Inc. is considering strategic options including a public share offering or a deal with its majority owned New York-listed unit, VMware Inc, CNBC said in a tweet, citing Dow Jones.
Sources familiar with the situation also confirmed the possibility of an IPO, according to a Bloomberg report on Thursday.
The company will reportedly hold a board meeting this month to discuss its options, sources said to Bloomberg.Dell Chief Executive Officer Michael Dell, with the help of Silver Lake Management, took the PC maker private in a $25 billion deal in 2013.
The company bought data storage company EMC Corp for $67 billion in 2015, setting a record in the technology industry, to transform itself into a giant in the fast-growing market for managing and storing corporate data.
The maker of cloud-based virtualization software VMWare was majority-owned by EMC at the time of the deal and the ownership was transferred to Dell .
VMware shares, which have gained over 62% in the past 12 months, touched an all-time high on Thursday.
(Reporting by Ismail Shakil in Bengaluru; Editing by Amrutha Gayathri)