Platinum Equity acquired Ingram Micro last year.

Edward Gately, Senior News Editor

September 19, 2022

1 Min Read
Ingram Micro Plans to Go Public with Confidential Proposed IPO

Ingram Micro, the world’s largest distributor, has confidentially filed for a proposed U.S. initial public offering (IPO).

The company submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to the proposed IPO of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined.

The IPO should take place after the SEC completes its review process, subject to market and other conditions.

Ingram Micro didn’t provide any further comment regarding the timing and goals of its IPO.

In July of last year, Platinum Equity completed its acquisition of Ingram Micro from HNA Technology Co. in a deal worth $7.2 billion. The transaction included $5.9 billion of equity value.

Ingram Micro‘s revenue totaled $49 billion for fiscal year 2020. The distributor operations in 60 countries, serving 170,000 customers and partners with 1,600 vendors.

Platinum Equity is a global investment firm with about $36 billion of assets under management and a portfolio of about 50 operating companies that serve customers around the world. Over the past 27 years, Platinum Equity has completed more than 350 acquisitions.

Earlier this month, Ingram Micro launched Xvantage, its digital experience platform ecosystem, in the United States and Germany. It plans to “go live” with the rest of world in early 2023.

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About the Author(s)

Edward Gately

Senior News Editor, Channel Futures

As news editor, Edward Gately covers cybersecurity, new channel programs and program changes, M&A and other IT channel trends. Prior to Informa, he spent 26 years as a newspaper journalist in Texas, Louisiana and Arizona.

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