CDW planning IPO: reports

According to a report from Reuters, technology products retailer CDW is preparing for an initial public offering (IPO) later this year.

Reuters reports that CDW has hired banks in preparation for an IPO that could raise around US$750 million. CDW did not respond to a request for comment from Reuters.

The company went private in 2007 in a deal worth US$7.3 billion. CDW is a US$10.1 billion company with 6,800 employees in the U.S. and Canada.

CDW is a key player in the Canadian channel through its wholly-owned subsidiary, CDW Canada under the leadership of Mary Anne Yule, one of CDN’s Top Women in the IT Channel. It was designated a FlexPod premium partner by Cisco and NetApp earlier this year, and reached No. 3 on CDN’s 2012 list of the Top 100 Solution Providers in Canada.

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Jeff Jedras
Jeff Jedras
A veteran technology and business journalist, Jeff Jedras began his career in technology journalism in the late 1990s, covering the booming (and later busting) Ottawa technology sector for Silicon Valley North and the Ottawa Business Journal, as well as everything from municipal politics to real estate. He later covered the technology scene in Vancouver before joining IT World Canada in Toronto in 2005, covering enterprise IT for ComputerWorld Canada. He would go on to cover the channel as an assistant editor with CDN. His writing has appeared in the Vancouver Sun, the Ottawa Citizen and a wide range of industry trade publications.

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