After five years as a privately held company, Dell is returning to the public market in a $21.7 billion stock buyout, The New York Times reports.
Here are five things to know:
1. Dell went private in 2013 with a $25 billion buyout by CEO and Founder Michael Dell and Silver Lake investment firm, according to The Verge.
2. Mr. Dell and Silver Lake will still remain in charge of the company.
3. Mr. Dell and Silver Lake will also take control of VMWare, the cloud company it acquired in 2015.
4. Mr. Dell and Silver Lake will offer holders $21.7 billion worth of Dell tracking stock cash or shares in Dell itself, financed through an $11 billion dividend provided by VMware, according to NYT.
5. "Unprecedented data growth is fueling the digital era of IT," Mr. Dell said in a statement to The Verge. "[And] we are uniquely positioned with our portfolio of technologies and services to enable the digital, IT, security and workforce transformations of our customers."