In announcing the plan, the California-based ITAD firm said the number of shares and price range had not yet been determined. | JHVEPhoto/Shutterstock[/caption]
Leaders of major ITAD firm Ingram Micro have signaled their intent to list the company on the New York Stock Exchange, which would mark a return to publicly traded status after about eight years as a private company.
The Irvine, California-based electronics distribution company on Sept. 30 filed paperwork with the U.S. Securities and Exchange Commission, proposing an initial public offering of stock shares. The move comes almost exactly two years after the company took similar steps in October 2022. That plan was later abandoned.
In announcing the plan, an Ingram Micro spokesperson said the number of shares and price range for those shares has not yet been determined. Ingram Micro would be listed on the NYSE under the symbol "INGM," according to the announcement.
As evidenced by the 2022 filing, the SEC paperwork doesn't guarantee the company will go public. But if it goes forward, the move would create a major publicly traded ITAD firm in a sector with few public companies. Iron Mountain is a notable exception, and others include Envela, parent company to Echo Environmental, ITAD USA, Teladvance, CEX and Avail; and Sims Lifecycle Services, whose parent company Sims Limited is listed on the Australian stock exchange.
Ingram Micro was formerly a publicly traded company until 2016, when it was acquired by Chinese conglomerate HNA Group and taken off the NYSE. In 2021, Ingram Micro was acquired by Platinum Equity.
According to the SEC filing, Ingram Micro currently operates 134 logistics and service centers globally, and it manages more than 850 million units of equipment per year. With its core business in electronics distribution, ITAD makes up a small portion of the company's activities. The SEC filing indicates ITAD, reverse logistics and repair services make up less than 10% of the company's net sales.
Ingram Micro operates U.S. facilities performing ITAD, repair and refurbishment services in Chandler, Arizona; Fort Worth, Texas; Indianapolis; Las Vegas; and Plainfield, Indiana.
The SEC filing indicates Ingram Micro recorded $48.04 billion in total net sales in 2023, and $3.55 billion in gross profit. Those figures were down from $50.82 billion in sales and $3.69 billion in profit in 2022, and $54.46 billion in sales and $4.11 billion in profit in 2021.
In 2023, the company's business division that includes ITAD, reverse logistics and repair reported $624 million in net sales.
[caption id="attachment_19846" align="aligncenter" width="900"] In announcing the plan, the California-based ITAD firm said the number of shares and price range had not yet been determined. | JHVEPhoto/Shutterstock[/caption]
Leaders of major ITAD firm Ingram Micro have signaled their intent to list the company on the New York Stock Exchange, which would mark a return to publicly traded status after about eight years as a private company.
The Irvine, California-based electronics distribution company on Sept. 30 filed paperwork with the U.S. Securities and Exchange Commission, proposing an initial public offering of stock shares. The move comes almost exactly two years after the company took similar steps in October 2022. That plan was later abandoned.
In announcing the plan, an Ingram Micro spokesperson said the number of shares and price range for those shares has not yet been determined. Ingram Micro would be listed on the NYSE under the symbol "INGM," according to the announcement.
As evidenced by the 2022 filing, the SEC paperwork doesn't guarantee the company will go public. But if it goes forward, the move would create a major publicly traded ITAD firm in a sector with few public companies. Iron Mountain is a notable exception, and others include Envela, parent company to Echo Environmental, ITAD USA, Teladvance, CEX and Avail; and Sims Lifecycle Services, whose parent company Sims Limited is listed on the Australian stock exchange.
Ingram Micro was formerly a publicly traded company until 2016, when it was acquired by Chinese conglomerate HNA Group and taken off the NYSE. In 2021, Ingram Micro was acquired by Platinum Equity.
According to the SEC filing, Ingram Micro currently operates 134 logistics and service centers globally, and it manages more than 850 million units of equipment per year. With its core business in electronics distribution, ITAD makes up a small portion of the company's activities. The SEC filing indicates ITAD, reverse logistics and repair services make up less than 10% of the company's net sales.
Ingram Micro operates U.S. facilities performing ITAD, repair and refurbishment services in Chandler, Arizona; Fort Worth, Texas; Indianapolis; Las Vegas; and Plainfield, Indiana.
The SEC filing indicates Ingram Micro recorded $48.04 billion in total net sales in 2023, and $3.55 billion in gross profit. Those figures were down from $50.82 billion in sales and $3.69 billion in profit in 2022, and $54.46 billion in sales and $4.11 billion in profit in 2021.
In 2023, the company's business division that includes ITAD, reverse logistics and repair reported $624 million in net sales.
In announcing the plan, the California-based ITAD firm said the number of shares and price range had not yet been determined. | JHVEPhoto/Shutterstock[/caption]
Leaders of major ITAD firm Ingram Micro have signaled their intent to list the company on the New York Stock Exchange, which would mark a return to publicly traded status after about eight years as a private company.
The Irvine, California-based electronics distribution company on Sept. 30 filed paperwork with the U.S. Securities and Exchange Commission, proposing an initial public offering of stock shares. The move comes almost exactly two years after the company took similar steps in October 2022. That plan was later abandoned.
In announcing the plan, an Ingram Micro spokesperson said the number of shares and price range for those shares has not yet been determined. Ingram Micro would be listed on the NYSE under the symbol "INGM," according to the announcement.
As evidenced by the 2022 filing, the SEC paperwork doesn't guarantee the company will go public. But if it goes forward, the move would create a major publicly traded ITAD firm in a sector with few public companies. Iron Mountain is a notable exception, and others include Envela, parent company to Echo Environmental, ITAD USA, Teladvance, CEX and Avail; and Sims Lifecycle Services, whose parent company Sims Limited is listed on the Australian stock exchange.
Ingram Micro was formerly a publicly traded company until 2016, when it was acquired by Chinese conglomerate HNA Group and taken off the NYSE. In 2021, Ingram Micro was acquired by Platinum Equity.
According to the SEC filing, Ingram Micro currently operates 134 logistics and service centers globally, and it manages more than 850 million units of equipment per year. With its core business in electronics distribution, ITAD makes up a small portion of the company's activities. The SEC filing indicates ITAD, reverse logistics and repair services make up less than 10% of the company's net sales.
Ingram Micro operates U.S. facilities performing ITAD, repair and refurbishment services in Chandler, Arizona; Fort Worth, Texas; Indianapolis; Las Vegas; and Plainfield, Indiana.
The SEC filing indicates Ingram Micro recorded $48.04 billion in total net sales in 2023, and $3.55 billion in gross profit. Those figures were down from $50.82 billion in sales and $3.69 billion in profit in 2022, and $54.46 billion in sales and $4.11 billion in profit in 2021.
In 2023, the company's business division that includes ITAD, reverse logistics and repair reported $624 million in net sales.
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