Articles from Ingram Micro Holding Corporation

Evolving into the industry’s leading business-to-business (B2B) platform company for the global technology ecosystem, Ingram Micro Holding Corporation (NYSEINGM) announced the promotion of globally recognized business and digital leader Sanjib Sahoo to President of Ingram Micro’s Global Platform Group.

Ingram Micro Holding Corporation (NYSEINGM) today announced it is undertaking a series of restructuring initiatives that will reduce its headcount by approximately 850 associates by the end of the first quarter of 2025.

Ingram Micro Holding Corporation (NYSEINGM):

Ingram Micro Holding Corporation (NYSEINGM) (“Ingram Micro” or the “Company”) announced today that it will release financial results for its fiscal third quarter 2024 on Tuesday, November 12, 2024. The Company will hold a conference call that day at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results.

Ingram Micro Holding Corporation (“Ingram Micro”) today 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 “Common Stock”). The offering consists of 11,600,000 shares of Common Stock offered by Ingram Micro and 7,000,000 shares of Common Stock to be sold by certain of Ingram Micro’s existing stockholders identified in the registration statement. Ingram Micro will not receive any proceeds from the sale of the shares by the selling stockholder. 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, and the offering is expected to close on October 25, 2024, subject to customary closing conditions. Ingram Micro will receive net proceeds of approximately $233.1 million after deducting underwriting discounts and commissions and estimated offering expenses and intends to use the net proceeds from the offering to repay a portion of the outstanding borrowings under its term loan credit facility.

Ingram Micro Holding Corporation (“Ingram Micro”) today announced the launch of its initial public offering of 18,600,000 shares of its common stock (the “Common Stock”). The offering consists of 11,600,000 shares of Common Stock offered by Ingram Micro and 7,000,000 shares of Common Stock to be sold by certain of Ingram Micro’s existing stockholders identified in the registration statement. Ingram Micro will not receive any proceeds from the sale of the shares by the selling stockholder. The initial public offering price is expected to be between $20 and $23 per share. Ingram Micro intends to use the net proceeds from the offering to repay a portion of the outstanding borrowings under its term loan credit facility.