Ingram Micro Holding Corp. shares were higher as the distributor of technology products returned to public markets.
The stock was recently at $24.72 on the New York Stock Exchange Thursday, up 12% from its initial public offering price of $22. Ingram offered 11.6 million shares while majority owner Platinum Equity offered seven million.
Ingram said on Oct. 15 that it expected an IPO size of 18.6 million shares and a price between $20 and $23 each.
HNA Group bought Ingram Micro Inc. in 2016 and sold it to Platinum in 2021.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
October 24, 2024 13:33 ET (17:33 GMT)
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