IT distributor Ingram Micro is gearing up for a smashing new IPO.
Word on the street is that they’ve got the money maestros at Goldman Sachs and Morgan Stanley cooking up a juicy £6.5 billion deal that could pop as early as April.
This is not Ingram’s first rodeo. The California giant, which took a step back from the Wall Street limelight in 2021 after a hefty £5.8 billion buyout by Platinum Equity, flirted with an IPO last September but didn’t go through with it.
Before Platinum swept them off its feet, Ingram was the arm candy of China’s HNG Group for a good six years, following a £4.9 billion love affair. But HNG got a bit too spend-happy abroad and hit the skids financially.
Ingram Micro was the top dog in IT distribution, but then Tech Data and Synnex got hitched in 2021, creating TD SYNNEX – the new heavyweight champ of IT distribution dosh.
Ingram’s playing their cards close to their chest, with a spokesperson not commenting on the plan.
