ITG Inc has priced its initial public offering of 19,512,196 shares of its Class A common stock at $16.00 per share, targeting approximately $279.2 million in net proceeds. The company intends to use the capital to repay outstanding principal on its revolving credit facility and term loan facility, strengthening its balance sheet as it prepares for public trading. The offering is a significant milestone for the provider of end-to-end services to the communications and digital infrastructure industries.

The shares are expected to begin trading on the Nasdaq Global Select Market on July 1, 2026, under the ticker symbol "ITG." The offering is scheduled to close on July 2, 2026, subject to customary closing conditions. In addition, ITG has granted the underwriters a 30-day option to purchase up to an additional 2,926,829 shares at the initial public offering price, less underwriting discounts and commissions.

Use of Proceeds

ITG expects to receive net proceeds of roughly $279.2 million after deducting underwriting discounts, commissions, and estimated offering expenses. This figure excludes the potential exercise of the underwriters' option to purchase additional shares. The company has specified that the primary use of these funds, along with any proceeds from the sale of additional shares to the underwriters, will be to repay debt obligations.

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 serving as joint bookrunners. Houlihan Lokey, BTIG, Capital One Securities, and Regions Securities LLC are acting as co-managers for the offering.

A registration statement on Form S-1 relating to these securities has been filed with and declared effective by the Securities and Exchange Commission (SEC). The offering is being made solely by means of a prospectus that meets the requirements of Section 10 of the Securities Act of 1933, as amended.

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.