The Dell EMC spinout has set the range for an offering in which General Electric will sell up to $62m of shares.
Pivotal Software, the US-based software development services provider backed by several corporates, set the terms for an initial public offering yesterday that will raise $530m at the top of its range.
The company will issue just over 33 million shares priced between $14 and $16 a share. General Electric (GE), the industrial equipment and appliance producer that has invested a total of $152m in Pivotal, will sell almost 3.9 million shares, equating to 20% of its stake, and could…
