On Monday, computer maker Dell’s security software unit SecureWorks filed for an initial public offering with the U.S. Securities and Exchange Commission, with shares priced in the range of $15.50-$17.50 per share. This marks 2016’s first tech IPO. Dell bought SecureWorks for $612 million back in 2011. The IPO will help Dell raise the needed cash for the company’s pending acquisition of storage vendor EMC Corp EMC. According to the Wall Street Journal, Dell must close a financing gap of $10 billion for the EMC deal. The software company plans to sell 9 million Class A shares in addition to 1.4 million shares in a “overallotment option,” which allows underwriters the opportunity to sell extra shares under specific circumstances, continues the WSJ. No date has been set for the tech IPO. If the deal goes out on the higher end, SecureWorks could be valued at almost $1.5 billion and raise as much as $180 million. Its shares will trade under the ticker symbol “SCWX” on the Nasdaq. Underwriters for the IPO include Bank of America Merrill Lynch, Morgan Stanley, Goldman Sachs, and JPMorgan Chase. SecureWorks was founded in 1999, and has 4,200 clients in 59 countries. It helps its customers lock down their systems and check for computer viruses or intruders. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EMC CORP -MASS (EMC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research