financetom
Business
financetom
/
Business
/
Ingram Micro working with banks on $8 billion IPO, Bloomberg News reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Ingram Micro working with banks on $8 billion IPO, Bloomberg News reports
Mar 14, 2024 7:28 PM

March 14 (Reuters) - Electronics distributor Ingram

Micro is working with lenders Goldman Sachs ( GS ) and Morgan

Stanley ( MS ) on an initial public offering that could launch

next month, Bloomberg News reported on Thursday, citing people

familiar with the matter.

Ingram Micro, backed by private-equity firm Platinum Equity,

is seeking an IPO at a valuation of around $8 billion, the

report said.

The California-based company had confidentially filed for a

U.S. IPO in 2022, and was valued at about $7.2 billion when

Platinum Equity acquired it the year before.

Deliberations are ongoing and details of the listing such as

the valuation and timing could change, according to the report.

Ingram Micro, Goldman Sachs ( GS ) and Morgan Stanley ( MS ) did not

immediately respond to a Reuters request for comment.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Smucker seeks to divest cookie brand Voortman, sources say
Smucker seeks to divest cookie brand Voortman, sources say
Jul 29, 2024
NEW YORK, July 29 (Reuters) - J.M. Smucker, known primarily for its jams and jellies, is exploring a sale of Voortman Bakery in a deal that could value the cookie and wafer brand at more than $350 million, according to people familiar with the matter. Smucker, which last year agreed to a $5.6 billion deal for Twinkies maker Hostess Brands,...
Hni Insider Sold Shares Worth $317,599, According to a Recent SEC Filing
Hni Insider Sold Shares Worth $317,599, According to a Recent SEC Filing
Jul 29, 2024
03:47 PM EDT, 07/29/2024 (MT Newswires) -- Steven M Bradford, Senior Vice President, General Counsel, and Secretary, on July 25, 2024, sold 5,976 shares in Hni (HNI) for $317,599. Following the Form 4 filing with the SEC, Bradford has control over a total of 64,169 shares of the company, with 61,642 shares held directly and 2,527 controlled indirectly. SEC Filing:...
Smucker seeks to divest cookie brand Voortman, sources say
Smucker seeks to divest cookie brand Voortman, sources say
Jul 29, 2024
NEW YORK (Reuters) - J.M. Smucker, known primarily for its jams and jellies, is exploring a sale of Voortman Bakery in a deal that could value the cookie and wafer brand at more than $350 million, according to people familiar with the matter. Smucker, which last year agreed to a $5.6 billion deal for Twinkies maker Hostess Brands, is working...
Charter to pay $15 million to resolve US probe into network outage rules
Charter to pay $15 million to resolve US probe into network outage rules
Jul 29, 2024
WASHINGTON, July 29 (Reuters) - Charter Communications ( CHTR ) will pay a $15 million civil penalty to resolve an investigation into compliance with network and 911 outage notification rules, the Federal Communications Commission said on Monday. The FCC said Charter admitted to violating the agency's rules on notifications to public safety officials and the commission in connection with three...
Copyright 2023-2025 - www.financetom.com All Rights Reserved