Ingram Micro Rings the NYSE Bell With Valuation of $6 billion, Shares Surge 15%

Ingram Micro, a global leader in technology and supply chain services, has made a powerful comeback to the public markets with a successful initial public offering (IPO) on the New York Stock Exchange (NYSE). The company’s shares surged by 15% on their debut, achieving a valuation of $6 billion.

Paul Bay, CEO of Ingram Micro, marked the occasion by ringing the opening bell at the NYSE. “We are thrilled to be back on the public stage, ready to realize the promise of technology for businesses worldwide,” Bay stated during the ceremony.

“We are thrilled to be back on the public stage, ready to realize the promise of technology for businesses worldwide.” – Paul Bay, CEO of Ingram Micro.

Ingram Micro’s IPO saw the company offering 18.6 million shares at $22 each, raising approximately $409 million3. The strong market response underscores investor confidence in Ingram Micro’s robust business model and its pivotal role in the global technology distribution landscape.

Realize the Promise of Technology™ 📊 Welcome @IngramMicroInc to the NYSE Community, delivering a full spectrum of global technology and supply chain services to businesses around the world. $INGM pic.twitter.com/XtcA0hqPZh

— NYSE 🏛 (@NYSE) October 25, 2024

“Realize the Promise of Technology™ 📊 Welcome @IngramMicroInc to the NYSE Community, delivering a full spectrum of global technology and supply chain services to businesses around the world. $INGM” – New York Stock Exchange

The company’s return to the public markets comes after a period of private ownership under Platinum Equity. Ingram Micro generated an adjusted EBITDA of $1.35 billion on $48 billion in revenue last year, highlighting its financial resilience and operational strength.

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