ITG Inc closed its initial public offering, raising approximately $323.4 million in net proceeds after deducting underwriting discounts and commissions. The digital infrastructure services firm priced 22,439,025 shares of its Class A common stock at $16.00 per share, which included the full exercise of the underwriters' option to purchase an additional 2,926,829 shares. ITG intends to use the net proceeds to repay outstanding principal under its revolving credit facility and term loan facility and for general corporate purposes to support business growth.

The shares of Class A common stock began trading on the Nasdaq Global Select Market on July 1, 2026, under the ticker symbol "ITG." A registration statement on Form S-1 relating to these securities was declared effective by the Securities and Exchange Commission (SEC) on June 30, 2026. The offering was made only by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Key Offering Details

Morgan Stanley, Citigroup, UBS Investment Bank, and Stifel acted as joint bookrunners and representatives of the underwriters for the offering. BofA Securities, Baird, Santander, KeyBanc Capital Markets, and Truist Securities also acted as joint bookrunners. Houlihan Lokey, BTIG, Capital One Securities, and Regions Securities LLC acted as co-managers.

Company Background

ITG is a provider of end-to-end services to the communications and digital infrastructure industries throughout the United States. The company supports the planning, design, construction, operation, maintenance, and expansion of broadband, wireless, data center, utility, and civil infrastructure. With a workforce operating across 49 states, ITG is positioned to build and maintain the digital backbone powering the future.

ITG Inc launched a roadshow for its proposed initial public offering of 19,512,196 shares of Class A common stock. The company intends to use the net proceeds to repay outstanding principal under its revolving credit facility and term loan facility and for general corporate purposes to support business growth. The offering price is expected to be between $19.00 and $22.00 per share, with shares set to list on the Nasdaq Global Select Market under the ticker symbol "ITG."

ITG and a selling stockholder intend to grant underwriters a 30-day option to purchase up to an additional 2,168,635 shares and 758,194 shares of Class A common stock, respectively. Proceeds from the exercise of this option by the underwriters will be used to redeem equity interests in an operating subsidiary held by certain existing equity owners controlled by Oaktree Capital Management, L.P. ITG will not receive any proceeds from the sale of shares offered by the selling stockholder.

Key Offering Details

Morgan Stanley, Citigroup, UBS Investment Bank and Stifel are acting as joint bookrunners and representatives of the underwriters. BofA Securities, Baird, Santander, KeyBanc Capital Markets and Truist Securities are also acting as joint bookrunners. Houlihan Lokey, BTIG, Capital One Securities and Regions Securities LLC are acting as co-managers.

A registration statement relating to these securities has been filed with the United States Securities and Exchange Commission (SEC) but has not yet become effective. The proposed offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.