Industrial and construction supplies distributor HD Supply Holdings Inc, a former division of Home Depot Inc, filed for a $1 billion initial public offering of its shares to take advantage of the rebounding U.S. housing market.Bain Capital, Carlyle Group and Clayton, Dubilier & Rice, who took the company private for $8.5 billion in 2007, each own about 28 percent of the company.Home Depot continues to hold a 12.4 percent stake in the company, according to HD Supply's prospectus filed with the Securities and Exchange Commission on Friday. ()Atlanta, Georgia-based HD Supply is one of the largest distributors of construction, industrial and maintenance supplies in North America.
Shares of HD remained unchanged at $71.90. In the past year, the shares have traded as low as $46.37 and as high as $72.60. On average, 6716550 shares of HD exchange hands on a given day and today's volume is recorded at 2100.
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