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.

Ingram Micro Holding Corp. and backer Platinum Equity plan to raise as much as $427.8 million in an initial public offering as companies push to go public before next month’s US elections.

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

Ingram Micro said on Tuesday it was seeking a valuation of up to $5.42 billion as the technology products distributor aims to go public again in the U.S. after nearly a decade, underscoring a resurgence in private-equity backed stock market listings.

Ingram Micro is targeting a valuation of as much as $5.42 billion in its initial public offering in the United States, the private equity-backed technology products distributor said on Tuesday. A rall