Welcome to Extreme Investor Network, where we provide exclusive insights and analysis on the latest trends in trading, stocks, bonds, and the market. Today, we are excited to share with you the return of a familiar name to public trading – Ingram Micro.
Ingram Micro, one of the largest distributors of technology products in the world with operations in 57 countries, began trading on the NYSE under the symbol INGM. The company surged as much as 17% from its $22 initial public offering price, raising $409 million in capital with a total market valuation of $5.1 billion.
Despite the excitement surrounding Ingram Micro’s return to the public market, the IPO landscape has been lacking in big offerings in recent years. The amount raised in IPOs has fallen below historic averages for the third consecutive year, with only 126 IPOs raising $28.1 billion in 2024 so far.
However, recent IPOs such as KinderCare, StandardAero, and FrontView REIT have performed well, trading above their initial offering prices. Large IPOs over $200 million have been scarce, but there are still promising candidates in the pipeline, including HPS Investment Partners, StubHub, SeatGeek, and autonomous vehicle developers Pony.ai and WeRide.
As we look ahead, the valuation problem remains a key issue for technology IPOs. While private capital has been able to raise record funding for tech companies, public markets may not be willing to pay those high valuations. The good news is that the IPO pipeline is building, with potential deals expected after the election and leading into the end of the year.
Stay tuned to Extreme Investor Network for more updates on the latest trading news and insights that will help you navigate the market with confidence and success.