CDW Is Planning To Go Public Again
CDW is a technology products retailer that was taken private by Madison Dearborn Partners LLC and Providence Equity Partners in 2007 after investing $7.3 billion. CDW has hired banks for another initial public offering for later this year.
CDW sells products from companies like Apple, HP, and IBM through their catalog. They are working with JPMorgan Chase & Co, Barclays PLC and Goldman Sachs Group to work on the offering according to sources with Reuters.
CDW may raise about $750 million from the IPO. CDW was founded in 1984 and is one of the largest computer resellers. The company sells notebooks, printers, and tablets to businesses and governments. CDW hit net sales of around $10.1 billion in 2012 and has 6,800 employees in the U.S. and Canada.