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Pivotal Software files for IPO

EMC/VMware Inc. VMW, -0.03% spin-off Pivotal Software Inc. plans to go public, after submitting IPO paperwork on Friday. The cloud-computing company said that income for its latest fiscal 12 months, which led to early February, grew to $509 million from $416 million within the prior fiscal 12 months. That growth got here from the corporate's subscription industry, as its tool segment noticed income contract. The company posted a $164 million net loss, narrower than the $233 million it recorded within the prior 12 months. Dell is Pivotal Software's greatest shareholder. The company did not say the place its shares would list or beneath what ticker they might trade.