US industrial distribution company HD Supply, which was bought for $8.5bn for the business at the height of the buyout boom by private equity firms Bain Capital, The Carlyle Group and Clayton, Dubilier & Rice, is seeking to raise $1.33bn through an IPO, Reuters has reported.
HD Supply will offer 53.2 million shares at up to $25 per share, giving the company a valuation for as much as$4.59bn.
Lead underwriters for the listing include Bank of America Corp, Barclays, JP Morgan and Credit Suisse.
In March AltAssets reported that the buyout consortium were planning to list the company.
HD Supply is one of the largest industrial distribution companies in North America, providing products to customers across the infrastructure, maintenance, repair and speciality construction sectors. It has about 630 locations across 45 US states and nine Canadian provinces. The company recorded sales of $8bn in 2012.
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