Presidio Moves Toward IPO

Presidio, Inc., a New York-based solutions provider, announced that it has filed initial paperwork with the SEC for a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. But many statements in the business press suggest the value could be as much as $3 billion.

J.P. Morgan and Citigroup are acting as joint book-running managers for the proposed initial public offering and representatives of the underwriters. Additional book-running managers are Barclays and RBC Capital Markets.

Presidio offers professional, managed, and support services including strategy, consulting, implementation and design to approximately 7,000 middle market, enterprise and government clients. The company reports $2.7 billion in annual revenue.

Channel Impact^®
Look for more large integrators to explore options around IPOs as the IT industry shifts to a service model that delivers more linear results.