Ingram is offering 11.6 million shares and parent Platinum Equity is selling 7 million shares priced between $20 and $23 each to raise up to $427.8 million. "Private equity firms are capitalizing on favorable market conditions, strong demand and the opportunity to monetize their investments," IPOX CEO Josef Schuster said.

The private-equity firm acquired Ingram Micro in 2021 and joins a clutch of PE firms aiming for IPO exits this year.

Ingram Micro has set terms for its initial public offering, as the profitable California-based information-technology company is returning to the public market with a valuation could be move than $5 billion.

Horizon Robotics, a Chinese provider of software and hardware used in autonomous driving systems, is aiming to raise as much as HK$5.4 billion ($696 million) in its Hong Kong initial public offering,

Alibaba and search-engine giant Baidu are investing in a nearly $700.0 million equity offering by a Chinese smart-driving firm, indicating rising demand for assets in the rapidly growing market for autonomous driving.