Platinum Equity-owned Ingram Micro jumps in debut

Ingram Micro Holding

24/10/2024 17:48

**  Ingram Micro  INGM.N  shares jump in debut Thurs after
technology distributor's IPO prices near top of expected range
  
    ** INGM opens at $25.28 vs $22 IPO price, marking about $6
bln valuation. Stock last up 11% at $24.40
  
    ** Co and private-equity owner Platinum Equity  18.6 mln
shares for ~$409 mln raise vs targeted range of $20-$23
  
    ** Platinum Equity retains about 91% ownership post-IPO
  
    ** Mutual fund manager Capital World Investors buying $70
mln of shares in offering, per the 
  
    ** Morgan Stanley, Goldman and JP Morgan leading 16-firm
underwriting group for the IPO
    
  

(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))