05:03 AM EDT, 10/24/2024 (MT Newswires) -- Ingram Micro Holding Corporation ( INGM ) said late Wednesday it priced its initial public offering of 18.6 million common shares at $22 per share for expected net proceeds of about $233.1 million.

The offering consists of 11.6 million shares being offered by the company and 7 million shares being offered by certain existing stockholders.

The selling stockholder has granted the underwriters a 30-day option to buy up to an additional about 2.8 million shares.

The tech company said it plans to use the net proceeds to repay a portion of the outstanding borrowings under its term loan credit facility.

Shares of the company are expected to begin trading on the New York Stock Exchange this Thursday under the ticker symbol, "INGM." The offering is set to close Friday.