HD Supply prices IPO well below the range at $18, raising $957 million


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HD Supply, the leading diversified industrial distribution company in North America, raised $957 million by offering 53.2 million shares (all primary) at $18, well below the range of $22 to $25. HD Supply plans to list on the NASDAQ under the symbol HDS. BofA Merrill Lynch, Barclays, J.P. Morgan and Credit Suisse acted as lead managers on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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