NEW YORK (TheStreet) -- TheStreet's Debra Borchardt is with Francis Gaskins, director of research for Equities.com, to take a closer look at one of the IPOs this week.HD Supply Holdings ( HDS) is the biggest IPO of the week with an offering size of about $1.25 billion. Shares are priced in the range of $22.50-$24.50. The company was once part of Home Depot ( HD), before being sold to a private-equity firm, Borchardt noted. That firm is now taking the company public. With a strong housing market recovery in place, many might think that this could be a hot IPO, but as Gaskins was quick to point out, if rates continue to rise, this will likely hurt the recovery. On the valuation side of things, HD Supply Holdings is actually undervalued compared with peers such as Fastenal ( FAST) and W.W. Grainger ( GWW) on a price-to-sales and price-to-earnings comparison. Gaskins concluded that if the stock prices at the lower end of its range, it could be very interesting for investors.