Ingram Micro Goes Public on NYSE

Ingram Micro Debuts on NYSE as Publicly Traded Company Under Ticker Symbol INGM.

Ingram Micro Holding Corporation has announced the pricing of its initial public offering (IPO) of 18.6 million shares of common stock at $22.00 per share. This includes 11.6 million shares offered by Ingram Micro and 7 million shares from existing shareholders, with Ingram Micro set to receive net proceeds of approximately $233.1 million after deductions.

The proceeds will be used to repay part of its term loan credit facility. Trading began yesterday on the New York Stock Exchange under the ticker symbol “INGM,” and the offering is expected to close today, pending customary conditions.

Ingram Micro has successfully gone public on the New York Stock Exchange under the ticker symbol "INGM." The initial public offering (IPO) includes 18.6 million shares priced at $22.00 each, with an option for underwriters to purchase an additional 2.79 million shares within 30 days to cover over-allotments.

While Ingram Micro will receive around $233.1 million net from its share offering to repay part of its term loan, it won’t receive proceeds from the selling stockholder's shares if additional options are exercised.

Leading the underwriting team are Morgan Stanley, Goldman Sachs & Co. LLC, and J.P. Morgan, with support from BofA Securities, Deutsche Bank, Evercore ISI, and other major firms. Ingram Micro celebrated the milestone with a LinkedIn post, expressing excitement about their new public status and future growth potential.