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Ingram Micro working with banks on $8 billion IPO, Bloomberg News reports
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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.

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