60.7 F
Laguna Hills
Wednesday, Nov 13, 2024
-Advertisement-

Ingram Micro to Start Public Trading Tomorrow

Biggest OC IPO in several years

Ingram Micro Corp. plans to start public trading on the New York Stock Exchange tomorrow, according to a spokesperson for the Irvine-based electronics and technology distribution giant.

The company is offering shares at a price between $20 and $23 apiece,  and the initial public offering (IPO)  is expected to generate around $428 million in proceeds, according to filings with the Securities and Exchange Commission.

The SEC filings place Ingram Micro’s likely valuation at up to $5.4 billion, which would make it one of the biggest IPO’s for an Orange County-based company in several years.

Ingram Micro is currently owned by Tom Gores’ Platinum Equity, which will retain a stake of about 90% in Ingram. Its ticker symbol will be INGM.

For further details, see the Oct. 28 print edition of the Business Journal.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-