Core & Main LP, St. Louis, Missouri, announced on Wednesday that it has launched the roadshow for its initial public offering (IPO). Core & Main Inc is targeting a valuation of up to $7.5 billion in its IPO, according to a story by Reuters.

Core & Main, which is a distributor of water, wastewater, storm drainage and fire protection products, is offering around 34.9 million shares  at a price range of $20 to $23 per share, which would translate into $802.3 million at the high-end of that range, according to Reuters.

Core & Main expects to grant the underwriters a 30-day option to purchase up to an additional 5,232,558 shares of its Class A common stock at the IPO price, minus underwriting discounts and commissions.

In May, Core & Main announced that it planned to go public after filing paperwork with the U.S. Securities and Exchange Commission (SEC) for its IPO.

Core & Main has been authorized to list its Class A common stock on the New York Stock Exchange under the ticker symbol “CNM”.

Goldman Sachs & Co. LLC, Credit Suisse and J.P. Morgan are acting as lead book-running managers for the proposed offering. BofA Securities, Baird, Citigroup, RBC Capital Markets, Barclays and Deutsche Bank Securities are acting as additional book-running managers.

Core & Main was sold by HD Supply in 2017 to private investment firm Clayton, Dubilier & Rice for $2.5 billion. Core & Main’s specialty products and services are used in the maintenance, repair, replacement and construction of water and fire protection infrastructure.