Pivotal Software files for IPO

EMC/VMware Inc. spin-off Pivotal Software Inc. plans to go public, after filing IPO paperwork on Friday. The cloud-computing company said that revenue for its latest fiscal year, which ended in early February, grew to $509 million from $416 million in the prior fiscal year. That growth came from the company’s subscription business, as its software segment saw revenue contract. The company posted a $164 million net loss, narrower than the $233 million it recorded in the prior year. Dell is Pivotal Software’s largest shareholder. The company didn’t say where its shares would list or under what ticker they would trade.

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