Paul Bay, CEO of Ingram Micro, rings the opening bell during the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., October 24, 2024. REUTERS/Brendan McDermid
(Reuters) -Ingram Micro notched a valuation of $6 billion after shares jumped 15% in their market debut on Thursday, signaling strong investor demand for one of the world's largest technology distributors.
U.S. initial public offerings have staged a comeback as investor sentiment improves and stock markets hover near record highs. With uncertainties surrounding the presidential election and future rate cuts expected to ease next year, analysts anticipate more companies will move forward with their listings.
