Ingram is offering 11.6 million shares and parent Platinum Equity is selling 7 million shares priced between $20 and $23 each to raise up to $427.8 million. "Private equity firms are capitalizing on favorable market conditions, strong demand and the opportunity to monetize their investments," IPOX CEO Josef Schuster said.

The private-equity firm acquired Ingram Micro in 2021 and joins a clutch of PE firms aiming for IPO exits this year.

Ingram Micro Holding Corp. and backer Platinum Equity plan to raise as much as $427.8 million in an initial public offering as companies push to go public before next month’s US elections.

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.

Platinum Equity's Ingram Micro seeks up to $5.4 bln valuation in US IPO (Reuters) - Ingram Micro is targeting a valuation of as much as $5.42 billion in its initial public offering in the United States, the private equity-backed technology products distributor said on Tuesday.

Products purchased from iPhone maker Apple, personal computer maker HP and network giant Cisco generate a sizeable portion of Ingram's net sales.