Ingram Micro falls on PE backer's $331 mln stake sale

Ingram Micro Holding

06/05/2026 12:23

** Shares of Ingram Micro INGM.N down 6% before the bell to $26.77 after overnight secondary offering priced

** IT products distributor late Tues announced sale of ~12.74 mln shares by private equity sponsor Platinum Equity at $26 for roughly $331.2 mln

** Offering price represents 8.7% discount to stock's last sale

** Also, INGM to repurchase $30 mln of offering shares from the underwriters with cash on hand

** Morgan Stanley, Goldman Sachs and JP Morgan joint bookrunners

** Prior to offering, Platinum affiliates owned 85% of Irvine, California-based INGM's ~231.6 mln shares outstanding, per the prospectus

** In Mar, Platinum sliced its stake in an offering priced at $22.25

** Through Tues, INGM stock up 33% YTD

** Avg rating of 14 analysts is "buy"; median PT of $32 up from $25.50 a month ago, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))