Pivotal Software Prices Shares At 15, Launches IPO Friday

Pivotal Software (PVTL), a subsidiary of Dell Technologies (DVMT), priced shares at 15 in its initial public offering Friday.

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The  stock is expected to begin trading later in the day, in what is expected to be one of the biggest IPOs out of Silicon Valley this year.

San Francisco-based Pivotal plans to raise $555 million in the IPO. The enterprise software company in a regulatory filing had stated plans to price its shares at 14 to 16.

Pivotal provides a cloud-based service that helps...

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