CDW Corp had filed documentation with US regulators reporting the raising of US$500 million in its initial public offering. This plan makes CDW the latest private equity funded firm to list in the bourse this year.
Previously, CDW was privatized by Madison Dearborn Partners and Providence Equity partners but now this IPO is expected to raise US$750 million according to a Reuters report.
CDW is in the business of selling products from technology firms such as Apple, HP and IBM either online or through its catalog. The IPO listing for its common stocks would carry the symbol 'CDW'. It was established in 1984 and has risen to become one of the largest resellers of computer hardware in the United States, where its catalog contains notebooks, tablets and printers to business offices and government organizations.
JP Morgan, Barclays and Goldman Sachs & Co would lead the offering. There was no disclosure as to the number of shares to be offered or the exchange rate that these stocks would be traded.
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