Oct 23 (Reuters) - Ingram Micro priced its U.S. initial

public offering at $22 per share, within its targeted range of

$20 and $23 on Wednesday, raising $409.2 million, the technology

distributor said.

Ingram Micro and its private equity owner, Platinum Equity,

sold 18.6 million shares at $22 each. The IPO valued the Irvine,

California-based company at around $5.18 billion.

The offering was underwritten by over a dozen Wall Street

banks, led by Morgan Stanley ( MS ), Goldman Sachs ( GS ) and

J.P. Morgan Securities.

Ingram's shares are expected to start trading on the New

York Stock Exchange on Oct. 24 under the ticker symbol "INGM."