Pivotal Software Files for IPO

Pivotal Software, Inc., launched its initial public offering of 37 million shares of Class A common stock at between $14 and $16 per share, allowing the company to raise up to $592 million. The company’s investors included Dell, Ford, GE, Microsoft, and VMware.

Part of Dell Technologies, Pivotal Software’s cloud platform, tools, and methodology help companies adapt to change and deliver exceptional user experiences.

According to Seeking Alpha, Pivotal had $280.9 million in revenue in 2016, $416.3 million in 2017, and $509.4 million in fiscal year 2018.