Ingram Micro Holding Corporation announced the pricing of its initial public offering of 18,600,000 shares of its common stock at a public offering price of $22.00 per share. The offering included 11,600,000 shares offered by Ingram Micro and 7,000,000 shares sold by certain existing stockholders.
Ingram Micro expects to receive net proceeds of approximately $233.1 million after deducting underwriting discounts, commissions, and estimated offering expenses. The company intends to use these net proceeds to repay a portion of the outstanding borrowings under its term loan credit facility.
The shares of Ingram Micro's common stock are expected to begin trading on the New York Stock Exchange under the ticker symbol "INGM" on October 24, 2024. The offering is expected to close on October 25, 2024, subject to customary closing conditions.
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