Ingram Micro Holding, a leading IT solutions distributor, raised $409 million by offering 18.6 million shares (38% secondary) at $22, slightly above the midpoint of the range of $20 to $23.
Ingram Micro is among the largest business technology distributors in the world by revenue ($48 billion) and global footprint. With operations in 57 countries and 134 global logistics and service centers, the company provides hardware, software, and services from more than 1,500 vendor partners to more than 161,000 customers. Its segments include Client and Endpoint Solutions (f.k.a Commercial & Consumer), which includes desktop PCs, notebooks, printers, peripherals, smartphones, etc.; Advanced Solutions, which includes enterprise-grade hardware and software products such as servers, storage, networking, and cybersecurity solutions; and Cloud-based Solutions, which includes SaaS and IAAS offerings.
Ingram Micro Holding plans to list on the NYSE under the symbol INGM. Morgan Stanley, Goldman Sachs, J.P. Morgan, BofA Securities, Deutsche Bank, Evercore ISI, Jefferies, and RBC Capital Markets acted as joint bookrunners on the deal.
