Platinum Equity’s Ingram Micro valued at $6 billion as shares jump 15% in NYSE debut
By Arasu Kannagi Basil and Echo Wang (Reuters) -Ingram Micro notched a valuation of $6 billion after shares jumped 15% in their market debut on Thursday, signaling strong investor demand for one of the world’s largest technology distributors. U.S. initial public offerings have staged a comeback as investor sentiment improves and stock markets hover near record highs. With uncertainties surrounding the presidential election and future rate cuts expected to ease next year, analysts anticipate more … Read more…