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IPO of Dell cyber unit SecureWorks fizzles
Published Sun, Apr 24, 2016 · 09:50 PM
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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.
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