SecureWorks Could Raise up to $181 Million in IPO by Barb Darrow @FortuneMagazine April 11, 2016, 9:12 AM EST E-mail Tweet Facebook Linkedin Share icons SecureWorks, the corporate security firm owned by Dell, expects to raise up to $181.1 million with its planned initial public offering, according to documents filed with the Securities and Exchange Commission on Monday. SecureWorks Class A stock is expected to price somewhere between $15.50 and $17.50 per share, according to the document. That would put the value of the publicly held company at just north of $1.4 billion. Plans for the IPO were disclosed in December Per the document, SecureWorks expects net proceeds from the offering of between $134.3 million and $154.9 million and said it does not intend to transfer any those proceeds to Dell, Denali, which is Dell’s holding company, or any of their affiliates. That verbiage indicates that the money is not intended to pay down any of the sizeable debt associated with Dell’s planned $67 billion purchase of of EMC emc and VMware vmw , a tech company majority-owned by EMC. Also from the SecureWorks filing: Our total revenue was $339.5 million in fiscal 2016, $262.1 million in fiscal 2015 and $205.8 million in fiscal 2014, for annual growth of 30% and 27%, respectively. Our subscription revenue was $271.8 million in fiscal 2016, $207.2 million in fiscal 2015 and $170.2 million in fiscal 2014, for annual growth of 31% and 22%, respectively. We incurred net losses of $72.4 million in fiscal 2016, $38.5 million in fiscal 2015 and $44.5 million in fiscal 2014. Dell, now a privately held company, acquired Atlanta-based SecureWorks for $612 million five years ago. In July, the Atlanta Business Chronicle reported that Dell was looking to spin out the company. For more on the Dell-EMC deal, watch: Dell and EMC executives disclosed plans for Dell’s $67 billion EMC acquisition last October. Since then they have scrambled to facilitate funding and to reassure various constituencies, including irate VMware shareholders, that this is a good deal. Dell and EMC Deal Is Official A few weeks ago, news broke of Dell’s plan to sell Perot Systems, its IT services and consulting arm, to NTT Data for about $3.1 billion. Dell bought Perot for $3.9 billion in 2009 to better compete with rivals Hewlett-Packard hpq and IBM ibm . Get Data Sheet, Fortune’s technology newsletter. EMC and VMware are also working to cut costs to facilitate the Dell acquisition. Both companies have announced layoffs and other cost cutting. The Dell acquisition, barring anything unexpected, should close in October. Note: This story was updated at 12:31 p.m. EDT with additional information from the SecureWorks filing that indicates net proceeds of the IPO are not intended to flow to Dell, Denali, or their affiliates.