HD Supply (HDS) has priced its IPO at $18, below an original range of $22-$25, Reuters reports....

|About: HD Supply (HDS)|By:, SA News Editor

HD Supply (HDS) has priced its IPO at $18, below an original range of $22-$25, Reuters reports. That spells a valuation of $3.31B for the building/infrastructure supplies provider, which is said to have raised $957.5M by selling 53.2M shares. HD Supply posted FQ1 (ended May 5) revenue of $2.07B (+13% Y/Y), and a net loss of $131M. (S-1)