Platinum Equity's Ingram Micro to raise about $409m in US IPO

Platinum Equity's Ingram Micro to raise about $409m in US IPO

Pedestrians walk past the New York Stock Exchange (NYSE) in New York, U.S. Photographer: Michael Nagle/Bloomberg

Ingram Micro priced its US initial public offering at $22 per share, within its targeted range of $20 and $23 on Wednesday, to raise $409.2 million, the technology distributor said.