Reported about 1 month ago
Ingram Micro achieved a valuation of $6 billion following a 15% increase in its share price during its debut on the NYSE, highlighting robust investor interest in the technology distributor. The company's IPO raised $409.2 million by selling 18.6 million shares, with an opening price of $25.28 after an initial pricing of $22. As the U.S. market sees a resurgence in IPO activity amid improved investor sentiment and expectations for future rate cuts, Ingram is poised to capitalize on a strong upgrade cycle in the consumer electronics industry.
Source: YAHOO