Platinum Equity Sells 13.1M Ingram Micro Shares; Company Repurchases 625K Concurrently
INGM sits 47% above its 52-week low of $19.03.
Summary
Platinum Equity prices a 13.125 million share secondary offering at $27.25, with Ingram Micro repurchasing 625,000 shares concurrently. Platinum retains 71.44% voting control after the deal.
Key Events · Ownership and Investor Activity · INGM
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Secondary Offering Priced at $27.25
Platinum Equity sells 13.125 million shares at $27.25 per share, generating approximately $357.7 million in gross proceeds for the selling stockholder. The company receives no proceeds.
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Concurrent Stock Repurchase
Ingram Micro repurchases 625,000 shares from the underwriter at the offering price, reducing Platinum's net sale to 12.5 million shares and using approximately $17 million of the remaining $70 million buyback authorization.
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Post-Offering Ownership
Platinum's voting power declines from 76.9% to 71.44% (or 70.59% with full underwriter option exercise), maintaining Ingram Micro's controlled company status under NYSE rules.
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Underwriter Option and Lock-Up
Goldman Sachs has a 30-day option to purchase up to 1,968,750 additional shares. A 60-day lock-up period applies to the company, directors, executive officers, and the selling stockholder.
Analysis · INGM · Trade & Services
Controlling shareholder Platinum Equity is selling 13.125 million shares in a secondary offering priced at $27.25, with Ingram Micro concurrently repurchasing 625,000 shares at the same price. The company receives no proceeds from the sale, but the repurchase reduces Platinum's net dilution to 12.5 million shares. After the deal, Platinum retains 71.44% voting control, keeping Ingram Micro a controlled company. The offering follows a pattern of Platinum reducing its stake — it has sold over $150 million in stock since June 2026 — and the 8% stock drop on pricing reflects the overhang. The 60-day lock-up provides temporary relief, but the remaining $70 million buyback authorization and Platinum's continued 71% ownership mean further secondary offerings remain possible.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 30.5% of the 1993 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.21%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, INGM was trading at $28.00 on NYSE in the Trade & Services sector, with a market capitalization of approximately $6.5B. The 52-week trading range was $19.03 to $31.69. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.