The IPO  Buzz: Ingram Micro (INGM Proposed) Tops Late October Bill

Ingram Micro Holding Corp. (INGM Proposed), a global tech solutions provider, is the only big name on the IPO marquee in the week of Oct. 21, 2024. Platinum Equity-controlled Ingram Micro plans to offer 18.6 million shares at a price range of $20.00 to $23.00 to raise $399.9 million, if the IPO is priced at its $21.50 mid-point. Morgan Stanley, Goldman Sachs and J.P. Morgan are the joint lead book-runners.

This week’s IPO Calendar offers a playlist of 13 deals.  Bankers intend to raise $$753.3 million, if all 13 deals get done.

Aldel Financial II (ALDFU Proposed) – a SPAC – is the second-largest deal on this week’s IPO Calendar with plans to raise $200.0 million. As its name implies, Aldel Financial II intends to search for acquisition targets in the financial services, real estate and asset-based finance sectors. 

Peak Resources (PRB Proposed), an oil and gas limited partnership, is planning to raise $65.8 million in a unit IPO.

Australia, China, Japan and Singapore are represented among the 10 small deals that make up the rest of this week’s IPO Calendar. Eight of those 10 deals are carry-overs from last week.

Stay tuned.