Dell-owned Pivotal Software raises $555 million in IPO


Pivotal Software Inc., owned by Round Rock-based Dell Technologies Inc., raised $555 million Friday in its initial public offering.

Shares of the the San Francisco-based cloud-computing company climbed nearly 5 percent in their first day of trading to close at $15.73 apiece.

Pivotal (NYSE: PVTL) on Thursday night had priced its 37 million shares at $15 a pop for a market cap of $4.3 billion.

The new stock had an exciting debut on the Big Board, climbing as high as $16.58 per share at the open…

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