Ingram Micro Raises $409 Million in Successful NYSE IPO

The technology distributor's shares surged 15% on their first trading day, valuing the company at $6 billion.

Ingram Micro, a major tech distributor, returned to the public market with a share price set at $22.
The IPO raised $409.2 million, with 18.6 million shares sold by Ingram Micro and its owner, Platinum Equity.
The company's stock opened at $25.28, above the initial pricing, reflecting strong investor interest.
Proceeds from the IPO will primarily be used to repay debt, while Platinum Equity retains controlling interest.
Ingram Micro, which partners with tech giants like Microsoft and Apple, is positioned to grow in cloud and cybersecurity sectors.