Ingram Micro Holding Corp. INGM has set terms for its initial public offering, in which the California-based information-technology company could be valued at as much as $5.42 bil

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.

Ingram Micro is offering 11.6 million shares, while Platinum Equity is selling 7 million shares at a price range of $20 to $23 each to raise as much as $427.8 million. Ingram will list on the New York Stock Exchange under the symbol "INGM".