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 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