HD Supply files for IPO

The industrial and construction supplies company, formerly a division of The Home Depot, was taken private in 2007.

The company’s ticker symbol and exchange remain undisclosed, but a filing expects the IPO to generate $1 billion.

Bain Capital, Carlyle Group and Clayton, Dubilier & Rice, took the company private for $8.5 billion in 2007. Home Depot continues to hold a 12.4% stake in the company.