First tech IPO this year doesn't seem optimistic

SecureWorks, a cybersecurity company owned by Dell, is expected to launch IPO on Friday, but at a much lower price than forecasts.

According to Dow Jones, SecureWorks will begin the IPO at a price of $ 14 per share, which is below the range of $ 15.50 to $ 17.50 forecast two weeks ago.

This is a huge disappointment for the technology industry at all, which has been closely watching the IPO process of SecureWorks. The outlook to the end of the year may be seriously affected, since it is the first IPO this year and it seems that investors have lost enthusiasm to invest in unprofitable companies.

SecureWorks generated 339.5 million dollars in revenue last year, compared to 262.1 million years ago. But that came with a net loss of $ 72.3 million, although gross profit of $ 155.7 million last year.

At a price of $ 14 per share, SecureWorks will have approximately $ 1.3 billion market capitalization.

SecureWorks develops security software that helps companies monitor their IT infrastructure to protect against hackers and malicious software. It is almost wholly owned by Dell, which SecureWorks bought for 612 million dollars in 2011.

The appearance of the company in the stock market happens day after Alphabet and Microsoft announced strong negative data in thier reports for the first quarter and suffered a serious decline in its share price.

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