Ingram share sale said to end over five times oversubscribed

Ingram share sale said to end over five times oversubscribed

Ingram Micro Holding Corporation (NYSE: INGM) announced the pricing of a secondary public offering of 8,988,764 shares of its common stock at $22.25 per share, with proceeds directed to Ingram Holdco, LLC, an affiliate of Platinum Equity, LLC. The underwriters have a 30-day option to purchase up to an additional 1,348,314 shares at the same price, less discounts and commissions. The company emphasized that it is not offering shares in this transaction and will not receive any proceeds from the sale. According to the announcement, the offering is part of a shelf registration statement filed with the SEC.

Concurrently, the company expects to settle a separate share repurchase agreement with the selling stockholder, repurchasing shares valued at $75 million at the same net price paid by the underwriters. This repurchase will be funded using cash on hand and is part of the company's broader $100 million share repurchase program. The secondary offering and repurchase are scheduled to close on or about March 9, 2026, subject to customary conditions.

The offering, managed by underwriters including Morgan Stanley, Goldman Sachs, and J.P. Morgan, is part of a shelf registration statement filed with the SEC. The company, a leading distributor in the global IT ecosystem, highlighted its AI-powered platform, Ingram Micro Xvantage™, which integrates hardware, cloud services, and automation for business-to-business clients.

Analysts have noted recent investor interest in INGM, with the stock trading at $26.36 as of March 6, 2026, reflecting a 23.7% year-to-date return. However, valuation assessments vary, with some models suggesting the stock may be slightly overvalued relative to intrinsic value estimates.

Business Wire, March 5, 2026: Business Wire, March 5, 2026
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Business Wire, March 5, 2026: Business Wire, March 5, 2026