Ingram Micro slides as sponsor looks to slice stake in secondary offering

Ingram Micro Holding

05/05/2026 23:21

** Technology products distributor Ingram Micro's INGM.N shares down 7.3% at $26.40 in extended trading

** INGM kicks off $330 million secondary offering by sponsor Platinum Equity

** Morgan Stanley, Goldman Sachs and J.P. Morgan Securities acting as joint bookrunning managers

** INGM also plans to authorize repurchase of $30 million shares from underwriters as part of offering

** Investment vehicles affiliated with Platinum Equity hold 85% stake in INGM, according to SECfiling

** Platinum Equity had sliced its stake in INGM in March

** As of last close, INGM up 33.4% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))