Ingram Micro Shares Open For Trade At $25.265/Share; IPO Priced At $22/Share
Portfolio Pulse from Benzinga Newsdesk
Ingram Micro's shares began trading at $25.265 per share, following an IPO priced at $22 per share.
October 24, 2024 | 4:07 pm
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Ingram Micro's shares opened at $25.265, above the IPO price of $22, indicating strong initial demand.
The opening price of $25.265, which is above the IPO price of $22, suggests strong investor interest and demand for Ingram Micro's shares. This positive reception could lead to a short-term increase in the stock price as investors may perceive the company as undervalued at the IPO price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100