Morgan Stanley Acts as Sole Bookrunner with Deal Range of $29.35-$29.50
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
The deal range was $29.35-$29.50. Morgan Stanley acted as sole book running manager for the offering.
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Analyst Views on INGM
Wall Street analysts forecast INGM stock price to fall
7 Analyst Rating
3 Buy
3 Hold
1 Sell
Moderate Buy
Current: 28.490
Low
21.00
Averages
23.33
High
26.00
Current: 28.490
Low
21.00
Averages
23.33
High
26.00
About INGM
Ingram Micro Holding Corporation is engaged in the distribution of information technology (IT) products, cloud and other services worldwide. The Company’s product, service and solution offerings consist of client and endpoint solutions, advanced solutions, cloud-based solutions and other. The Company’s geographic segments include North America, Europe, Middle East, and Africa (EMEA), Asia-Pacific, and Latin America. It offers customers a full spectrum of hardware and software, cloud services and logistics expertise through three main lines of business: Technology Solutions, Cloud and Other. Its Technology Solutions include client and endpoint solutions, and advanced solutions. Its cloud portfolio comprises third-party services and subscriptions spanning a breadth of products from solution software through infrastructure-as-a-service. It also provides customers with IT Asset Disposition (ITAD), reverse logistics and repair and other related solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Ingram Micro Wins HPE Global Distributor of the Year Again
- Global Distributor Award: Ingram Micro was awarded the 2026 HPE Global Distributor of the Year at the HPE Partner Growth Summit in Las Vegas, recognizing its exceptional performance in delivering high-value, high-growth programs for HPE partners, which underscores its leadership position in the global IT distribution market.
- Regional Accolades: In addition to the global award, Ingram Micro received multiple HPE distributor awards in regions including Australia, Brazil, Chile, Turkey, and UKIMEA, further solidifying its influence and business expansion capabilities across various markets.
- Strategic Investment and Execution: By continuously investing in Hybrid Cloud, AI, Networking, and GreenLake solutions, Ingram Micro ensures alignment with HPE's strategic priorities, driving increased customer revenue and profit opportunities, showcasing its strong market adaptability.
- Deepening Partnerships: The long-standing collaboration between Ingram Micro and HPE is built on trust and execution, focusing on helping channel partners realize their growth potential by delivering innovative solutions and services that achieve real business outcomes, thereby enhancing its competitive advantage in the industry.
See More
Banzai International Announces Strategic Expansion and Debt Reduction
- Partnership Formation: Banzai International has established a distribution partnership with Ingram Micro, enabling its products OpenReel and Demio to be sold through Ingram's extensive reseller network in the U.S., significantly enhancing market reach and leveraging Ingram's strong logistics and sales channels.
- Debt Reduction Success: The company's Project Fortress has successfully reduced debt by approximately $7.8 million, nearly eliminating all short-term and convertible debts, resulting in the lowest debt level since going public in December 2023, which lowers interest costs and limits potential equity dilution.
- Management Focus: CEO Joe Davy emphasized the importance of managing debt to create shareholder value and strengthen financial stability, indicating the company's firm commitment to balance sheet optimization.
- Future Plans: Banzai International plans to continue optimizing its balance sheet through 2026, using the financial strength gained to enhance research and development capabilities and consider technology acquisitions to support long-term growth strategies.
See More
Ingram Micro and HPE Deepen Global Partnership
- Global Distributor Status: Ingram Micro has been appointed as a global distributor for HPE, reflecting a deepening of their partnership built over two decades, which is expected to significantly enhance Ingram Micro's market reach and business growth potential.
- Full Portfolio Access: The new agreement grants Ingram Micro full access to HPE's networking, cloud, and AI solutions, enhancing its ability to provide simplified and consistent services to customers, thereby improving customer satisfaction and market competitiveness.
- Accelerated Partnership Program: Ingram Micro is expanding the HPE Partner Growth Accelerator Program to help current and prospective partners adopt and cross-sell HPE's portfolio more quickly, which is anticipated to drive sales growth and increase market share.
- Investment and Talent Acquisition: Ingram Micro plans to increase investments to support new country operations and expand its product portfolio while bringing in more experienced associates to enhance partner enablement capabilities, thus accelerating the identification of market opportunities and closing sales faster.
See More
Ingram Micro Prices Secondary Public Offering at $26 per Share
- Offering Size: Ingram Holdco, LLC is conducting a secondary public offering of 12,740,384 shares priced at $26 each, which is expected to generate significant capital inflow, although the company itself is not participating in the offering.
- Additional Option: The Selling Stockholder has granted underwriters a 30-day option to purchase an additional 1,730,769 shares at the same price, enhancing market liquidity and attractiveness of the stock.
- Share Repurchase Plan: The company plans to repurchase shares worth $30 million, expected to be funded through cash on hand, which will help boost earnings per share and enhance shareholder confidence.
- Underwriter Lineup: Morgan Stanley, Goldman Sachs, and J.P. Morgan are acting as lead underwriters, indicating strong market support for the offering, which is anticipated to close around May 7, 2026, further solidifying the company's market position.
See More
Ingram Micro to Launch Secondary Public Offering of 12.74 Million Shares
- Secondary Offering Announcement: Ingram Holdco, an affiliate of Platinum Equity, plans to issue 12.74 million shares of common stock at $26 each, potentially raising approximately $331 million to strengthen its capital structure.
- Underwriter Option: The selling stockholder has granted underwriters a 30-day option to purchase an additional 1,730,769 shares at the public offering price, reflecting confidence in market demand and potential investor interest.
- Share Buyback Initiative: Ingram Micro also announced a $330 million share buyback plan, which is expected to enhance earnings per share and bolster investor confidence in the company's future growth prospects.
- Dividend Increase: The company raised its dividend by 2.4%, indicating strong financial health and commitment to delivering long-term value to shareholders, thereby enhancing the attractiveness of its stock in the market.
See More
Ingram Micro Announces Pricing of Secondary Public Offering
- Offering Size: Ingram Micro announced a secondary public offering led by Ingram Holdco, LLC, an affiliate of Platinum Equity, involving 12,740,384 shares priced at $26.00 each, which is expected to generate significant capital inflow for the company.
- Additional Purchase Option: The Selling Stockholder granted underwriters a 30-day option to purchase up to 1,730,769 additional shares at the same public offering price, which may further enhance market demand for the stock.
- Share Repurchase Plan: The company plans to repurchase an equivalent number of shares totaling $30 million, reflecting confidence in its stock value and potentially increasing earnings per share.
- Underwriter Lineup: Morgan Stanley, Goldman Sachs, and J.P. Morgan are acting as lead underwriters, ensuring the smooth execution of the offering, which is expected to close around May 7, 2026, further solidifying the company's position in the capital markets.
See More
Ingram Micro Wins HPE Global Distributor of the Year Again
- Global Distributor Award: Ingram Micro was awarded the 2026 HPE Global Distributor of the Year at the HPE Partner Growth Summit in Las Vegas, recognizing its exceptional performance in delivering high-value, high-growth programs for HPE partners, which underscores its leadership position in the global IT distribution market.
- Regional Accolades: In addition to the global award, Ingram Micro received multiple HPE distributor awards in regions including Australia, Brazil, Chile, Turkey, and UKIMEA, further solidifying its influence and business expansion capabilities across various markets.
- Strategic Investment and Execution: By continuously investing in Hybrid Cloud, AI, Networking, and GreenLake solutions, Ingram Micro ensures alignment with HPE's strategic priorities, driving increased customer revenue and profit opportunities, showcasing its strong market adaptability.
- Deepening Partnerships: The long-standing collaboration between Ingram Micro and HPE is built on trust and execution, focusing on helping channel partners realize their growth potential by delivering innovative solutions and services that achieve real business outcomes, thereby enhancing its competitive advantage in the industry.
See More
Banzai International Announces Strategic Expansion and Debt Reduction
- Partnership Formation: Banzai International has established a distribution partnership with Ingram Micro, enabling its products OpenReel and Demio to be sold through Ingram's extensive reseller network in the U.S., significantly enhancing market reach and leveraging Ingram's strong logistics and sales channels.
- Debt Reduction Success: The company's Project Fortress has successfully reduced debt by approximately $7.8 million, nearly eliminating all short-term and convertible debts, resulting in the lowest debt level since going public in December 2023, which lowers interest costs and limits potential equity dilution.
- Management Focus: CEO Joe Davy emphasized the importance of managing debt to create shareholder value and strengthen financial stability, indicating the company's firm commitment to balance sheet optimization.
- Future Plans: Banzai International plans to continue optimizing its balance sheet through 2026, using the financial strength gained to enhance research and development capabilities and consider technology acquisitions to support long-term growth strategies.
See More
Ingram Micro and HPE Deepen Global Partnership
- Global Distributor Status: Ingram Micro has been appointed as a global distributor for HPE, reflecting a deepening of their partnership built over two decades, which is expected to significantly enhance Ingram Micro's market reach and business growth potential.
- Full Portfolio Access: The new agreement grants Ingram Micro full access to HPE's networking, cloud, and AI solutions, enhancing its ability to provide simplified and consistent services to customers, thereby improving customer satisfaction and market competitiveness.
- Accelerated Partnership Program: Ingram Micro is expanding the HPE Partner Growth Accelerator Program to help current and prospective partners adopt and cross-sell HPE's portfolio more quickly, which is anticipated to drive sales growth and increase market share.
- Investment and Talent Acquisition: Ingram Micro plans to increase investments to support new country operations and expand its product portfolio while bringing in more experienced associates to enhance partner enablement capabilities, thus accelerating the identification of market opportunities and closing sales faster.
See More
Ingram Micro Prices Secondary Public Offering at $26 per Share
- Offering Size: Ingram Holdco, LLC is conducting a secondary public offering of 12,740,384 shares priced at $26 each, which is expected to generate significant capital inflow, although the company itself is not participating in the offering.
- Additional Option: The Selling Stockholder has granted underwriters a 30-day option to purchase an additional 1,730,769 shares at the same price, enhancing market liquidity and attractiveness of the stock.
- Share Repurchase Plan: The company plans to repurchase shares worth $30 million, expected to be funded through cash on hand, which will help boost earnings per share and enhance shareholder confidence.
- Underwriter Lineup: Morgan Stanley, Goldman Sachs, and J.P. Morgan are acting as lead underwriters, indicating strong market support for the offering, which is anticipated to close around May 7, 2026, further solidifying the company's market position.
See More
Ingram Micro to Launch Secondary Public Offering of 12.74 Million Shares
- Secondary Offering Announcement: Ingram Holdco, an affiliate of Platinum Equity, plans to issue 12.74 million shares of common stock at $26 each, potentially raising approximately $331 million to strengthen its capital structure.
- Underwriter Option: The selling stockholder has granted underwriters a 30-day option to purchase an additional 1,730,769 shares at the public offering price, reflecting confidence in market demand and potential investor interest.
- Share Buyback Initiative: Ingram Micro also announced a $330 million share buyback plan, which is expected to enhance earnings per share and bolster investor confidence in the company's future growth prospects.
- Dividend Increase: The company raised its dividend by 2.4%, indicating strong financial health and commitment to delivering long-term value to shareholders, thereby enhancing the attractiveness of its stock in the market.
See More
Ingram Micro Announces Pricing of Secondary Public Offering
- Offering Size: Ingram Micro announced a secondary public offering led by Ingram Holdco, LLC, an affiliate of Platinum Equity, involving 12,740,384 shares priced at $26.00 each, which is expected to generate significant capital inflow for the company.
- Additional Purchase Option: The Selling Stockholder granted underwriters a 30-day option to purchase up to 1,730,769 additional shares at the same public offering price, which may further enhance market demand for the stock.
- Share Repurchase Plan: The company plans to repurchase an equivalent number of shares totaling $30 million, reflecting confidence in its stock value and potentially increasing earnings per share.
- Underwriter Lineup: Morgan Stanley, Goldman Sachs, and J.P. Morgan are acting as lead underwriters, ensuring the smooth execution of the offering, which is expected to close around May 7, 2026, further solidifying the company's position in the capital markets.
See More
