Sometimes setting the bar low is a good thing: After gradually lowering the price of its IPO to...

|By:, SA News Editor

Sometimes setting the bar low is a good thing: After gradually lowering the price of its IPO to $17 from a range of $20-$23, CDW opened for trading at $17.64 and is currently at $17.97, up 5.7%. That gives the giant IT hardware distributor a valuation of $3.03B, or 0.3x 2012 sales and 16x earnings. (S-1) (Q1 figures)