Distributor Ingram Micro is going public again and has taken its paperwork to the the US Securities and Exchange Commission.
In its press statement, Ingram Micro wrote: “The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions.”
The US distribution giant was once the world’s largest distributor until Synnex acquired Tech Data last year to create a $57 billon-revenue business. It was then bought by private equity powerhouse Platinum Equity in a blockbuster deal that freed the distributor from Chinese conglomerate HNA Group.
The deal gave Ingram Micro new financial resources to focus on new ways of doing business, including building its cloud and digital transformation businesses.
Ingram Micro went private in late 2016 when it was acquired by HNA Group.
