Reported about 1 month ago
Ingram Micro Holding Corp., backed by Platinum Equity, raised $409 million in its initial public offering (IPO), selling 18.6 million shares at $22 each. The IPO, which values the company at approximately $5.2 billion, is smaller than the anticipated $1 billion. Ingram Micro plans to use the proceeds to reduce its debt. After the IPO, Platinum Equity will maintain control of nearly 90% of the shares.
Source: YAHOO