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 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.