HD Supply Going Public in IPO

HD Supply Holdings, a group of private-equity firms that indirectly owns industrial distribution giant HD Supply, Atlanta, filed a registration statement with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of common stock. The company expects to use the proceeds from the offering to repay, redeem, repurchase or otherwise acquire or retire certain of the outstanding indebtedness of HD Supply, Inc., and for general corporate purposes. The sale is being led by BofA Merrill Lynch, Barclays, J.P. Morgan Securities, and Credit Suisse Securities (USA).