Ingram Micro’s IPO fetches US$409mil


At the IPO price, the company has a market value of about US$5.2bil. — Bloomberg

CALIFORNIA: Ingram Micro Holding Corp and its backer Platinum Equity raised US$409mil in an initial public offering (IPO) priced within the marketed range.

The Irvine, California-based technology company and Platinum sold 18.6 million shares on Wednesday for US$22 each after offering them for US$20 to US$23, according to a statement.

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