Blast from past Ingram Micro returns to trading, but IPO market still struggling with valuation concerns

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Markets समाचार

Stock Markets,Investment Strategy,Ingram Micro Holding Corp

Unfortunately, Ingram isn't going to change IPO dynamics. This is the third consecutive year where the total amount raised in IPOs is below historic averages.

Long-term IPO watchers will note a familiar name is returning to public trading today. Ingram Micro began trading Thursday at the NYSE under the symbol INGM, surging as much as 17% from its $22 initial public offering price . This is one of the largest distributors of technology products in the world by revenue , with operations in 57 countries. We're talking about desktop PCs, notebooks, printers, peripherals, smartphones as well as software products.

Large IPOs have been few and far between the past few months, but those that have come public, like early childhood education provider KinderCare Learnings , aerospace engine maintenance provider StandardAero and diversified retail REIT FrontView are all trading above their initial offering prices. Recent large IPOs KinderCare $576 m. +20.7% StandardAero $1.4 b. +31% FrontView REIT $251 m. + 3.

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