Platinum Equity's Ingram Micro seeks up to $5.4 billion valuation in US IPO

A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. December 28, 2016. REUTERS/Andrew Kelly/File Photo

(Reuters) -Ingram Micro is targeting a valuation of up to $5.42 billion in its U.S. initial public offering, the technology products distributor said on Tuesday, underscoring a resurgence in private-equity backed stock market listings.

A rally in equities and recent strong debuts by Carlyle-backed aircraft maintenance services provider StandardAero and Partners Group-backed early childhood education provider KinderCare Learning are encouraging buyout firms to list their portfolio companies.