Platinum Equity-Backed Ingram Micro’s IPO Fetches $409 Million

Ingram Micro Holding Corp. and backer Platinum Equity raised $409 million in an initial public offering priced within a marketed range.

The Irvine, California-based technology company and Platinum sold 18.6 million shares on Wednesday for $22 each after offering them for $20 to $23, according to a statement. At the IPO price, the company has a market value of about $5.2 billion based on the outstanding shares listed in its filing with the US Securities and Exchange Commission.

The offering is much smaller than the $1 billion Bloomberg News reported that the company had been seeking.

Ingram Micro ...