What was Dell stock worth in 1988?

What was Dell stock worth in 1988?

In June 1988, Dell’s market capitalization grew from $30 million to $80 million from its June 22 initial public offering of 3.5 million shares at $8.50 a share.

Why did Dell go public in 1988?

Dell emphasized customer support, sending technicians to service PCs and implementing a policy of risk-free returns. This business model proved successful, and the company quickly grew, expanding into international markets. The company, renamed Dell Computer Corporation, went public in 1988.

When did Dell go public?

1988
On this day in 1988, Dell Computer Corp. went public. Where The Market Was: The Dow closed at 2,152.20. The S&P 500 traded at around 275.66.

When did Dell split?

Dell first split its stock in 1992 at a 3:2 ratio. By the end of the decade, the company had completed six more stock splits, each of which was a 2:1 split. In October 2013, privately held Silver Lake Partners bought out the publicly traded company for $24.4 billion.

What is the highest Dell stock has ever been?

Dell – Stock Price History | DELL

• The all-time high Dell stock closing price was 114.54 on October 22, 2021.
• The Dell 52-week high stock price is 115.00, which is 105.7% above the current share price.
• The Dell 52-week low stock price is 53.01, which is 5.2% below the current share price.

Why did Dell go private in 2013?

Dell laid out its argument for going private in a 2013 SEC filing. 3 The company stated it was fighting for market share in a sector that was seeing lower sales of personal computers due to increased demand for smartphones and tablets. The company had missed its own revenue projections for the prior seven quarters.

Does Dell still exist?

Dell stock does not exist today, but the company may soon make its way back into the stock market. Dell’s founder, Michael Dell, took the company private in 2013, but before that time, Dell was a publicly traded company under the symbol DELL. The agreement to take the company private was valued at around $24.9 billion.

Is Vmw a buy?

VMware has received a consensus rating of Hold. The company’s average rating score is 2.41, and is based on 7 buy ratings, 10 hold ratings, and no sell ratings.

When did Dell become the largest PC manufacturer?

Dell surpassed Compaq to become the largest PC manufacturer in 1999. Operating costs made up only 10 percent of Dell’s $35 billion in revenue in 2002, compared with 21 percent of revenue at Hewlett-Packard, 25 percent at Gateway, and 46 percent at Cisco.

What kind of company is the Dell Corporation?

Dell Technologies is a holding company. Through its subsidiaries, Co. provides its customers with technology and services portfolio spanning both infrastructure and multi-cloud technologies.

When did Dell announce it was going to go private?

After several weeks of rumors, which started around January 11, 2013, Dell announced on February 5, 2013, that it had struck a $24.4 billion leveraged buyout deal, that would have delisted its shares from the NASDAQ and Hong Kong Stock Exchange and taken it private.

Why did Dell not focus on the consumer market?

Originally, Dell did not emphasize the consumer market, due to the higher costs and unacceptably-low profit margins in selling to individuals and households; this changed when the company’s Internet site took off in 1996 and 1997.