BUZZ-Platinum Equity-owned Ingram Micro jumps in debut

Reuters
25 Oct 2024

** Ingram Micro 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))

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