(Correction in first paragraph to US$750 million.)

In a complicated move, CDW, the technology products maker taken over by Madison Dearborn Partners LLC and Providence Equity LLC for the amount of US$7.3 billion back in 2007 is now planning to undertake an IPO within the year. The proposed IPO is projected to raise US$750 million according to anonymous sources.

CDW retails the top technology products from Apple Inc, Hewlett Packard Co and IBM through its online stores and through its mail order catalog. To facilitate and oversee the IPO sale, the company has engaged the services of JP Morgan Chase & Co, Barclays Plc and Goldman Sachs.

CDW is one of the US's largest technology related resellers, with a catalog boasting of notebooks, tablets and printers. It had net sales of US$10.1 billion and has an employee headcount of 6,800 people in both Canada and the US. When sought for comment, CDW did not immediately respond while Goldman, Barclays, JP Morgan, Madison and Providence declined to comment on the sale.