HD Supply, CDW Gain in Trading After Pricing IPOs Lower End
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HD Supply Holdings Inc. and CDW Corp. gained in New York trading after raising less than originally sought in their initial public offerings yesterday.
HD Supply rose 3.7 percent to $18.66 at the close in New York, while CDW rose 8.1 percent to $18.37. HD Supply raised $957 million, pricing 53.2 million shares at $18 each after offering them for $22 to $25. CDW, based in Vernon Hills, Illinois, raised $395 million, pricing 23.3 million shares at $17 each, the low end of a reduced range.