Reported about 1 month ago
Ingram Micro, owned by Platinum Equity, has successfully priced its U.S. initial public offering at $22 per share, raising approximately $409 million. The IPO values the technology distributor at about $5.18 billion, with shares expected to commence trading on the New York Stock Exchange under the ticker symbol 'INGM' on October 24. Proceeds from the IPO will primarily be used to pay off existing debt, as Ingram Micro aims to navigate the evolving technology landscape.
Source: YAHOO