Welcome to our dedicated page for Ingram Micro Holding news (Ticker: INGM), a resource for investors and traders seeking the latest updates and insights on Ingram Micro Holding stock.
Ingram Micro Holding Corporation reports developments across the global information technology sales channel, where it distributes products and services from technology manufacturers and cloud providers to business-to-business technology experts. Company updates commonly cover operating results, capital returns, secondary common stock offerings, shareholder voting matters and investments in the Xvantage™ AI-powered digital platform.
News also includes platform and partner-enablement milestones, including Microsoft designations, AI application services, patents tied to Xvantage™, and services such as financing, specialized marketing, lifecycle management and technical pre- and post-sales support.
Ingram Micro has announced the pricing of its initial public offering of 18,600,000 shares at $22.00 per share. The offering includes 11,600,000 shares from the company and 7,000,000 shares from existing stockholders. Trading will begin on NYSE under symbol INGM on October 24, 2024. The company expects to receive $233.1 million in net proceeds, which will be used to repay term loan debt. The selling stockholder granted underwriters a 30-day option to purchase up to 2,790,000 additional shares for over-allotments.