IPO of Dell cyber unit SecureWorks fizzles
San Francisco
THE lacklustre market debut of SecureWorks Corp, the cyber unit of Dell Inc, failed to rally the battered technology US IPO market , a reminder that Wall Street does not welcome cash-burning companies without profits.
"I don't think it encourages anybody to hop on the bandwagon and go public," said Robert Thomas, chief executive of San Francisco-based security startup CloudPassage.