Pivotal Software, whose majority stockholder is Dell Technologies (DVMT), filed this afternoon with the SEC for an initial public offering.
Pivotal, which listed an initial offering size of $100M in its filing, describes itself as a “leading cloud-native platform that makes software development and IT operations a strategic advantage for our customers.”
It says it leverages relationships with Dell Technologies and VMware (VMW) to “win new customers and to expand our customer footprint.” Morgan Stanley, Goldman Sachs Group, and Citi are the lead underwriters for the IPO.
Shares of Dell Technologies are unchanged at $74.47 in afternoon trading while VMware is up $1.54 to $123.74.
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