Platinum Equity-Backed Ingram Micro Targets $428 Million IPO

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.

The Irvine, California-based technology company said in a filing Tuesday that 18.6 million shares will be marketed for $20 to $23 each. At the top of that range, the company would have a market value of $5.4 billion based on the outstanding shares listed in its filing with the US Securities and Exchange Commission.

The planned offering is much smaller than the $1 billion Bloomberg News reported that ...