SecureWorks raises $112m, less than target, in year’s first tech IPO to hit US market

A Dell logo is seen in this illustration picture taken in Sarajevo, Bosnia and Herzegovina, October 12, 2015. REUTERS/Dado Ruvic

Dell Inc’s cyber security unit SecureWorks Corp raised $112 million in the first U.S. initial public offering of a technology company in 2016, less than it had hoped for, amid investor skepticism over its profit margins and prospects.

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