The offering includes 11,600,000 shares from Ingram Micro and 7,000,000 shares sold by current shareholders. Ingram Micro will not receive proceeds from the shares sold by the shareholders. Trading of Ingram Micro's common shares on the New York Stock Exchange under the symbol "INGM" is expected to begin on October 24, 2024, with the offering closing on October 25, 2024, subject to customary closing conditions. The company anticipates net proceeds of approximately $233.1 million, which will be used to repay part of its existing term loan.
Selling shareholders to purchase other shares
Additionally, the selling shareholders have granted underwriters a 30-day option to purchase up to 2,790,000 additional shares to cover any over-allotments at the IPO price, minus underwriting discounts and commissions. Ingram Micro will not receive any proceeds from these additional shares if the option is exercised.
