Key facts
- Digital infrastructure firm ITG priced its U.S. IPO at $16 per share.
- The IPO was priced below its targeted range of $19 to $22 per share.
- ITG raised $312.2 million from the offering.
- The company sold 19.5 million shares.
- ITG provides digital infrastructure services across the U.S.
- The company will trade on the Nasdaq under the ticker symbol "ITG".
Digital infrastructure firm ITG priced its U.S. initial public offering at $16 per share, below its targeted range, raising $312.2 million. The company had initially marketed the 19.5 million shares between $19 and $22 apiece, with the deal valuing the business at up to $2.67 billion.
ITG provides end-to-end digital infrastructure services across the U.S., supporting broadband, wireless, data center, utility, and civil infrastructure. Demand for its services has been boosted by the essential nature of high-speed broadband and significant spending by AI companies on data centers. The company's backlog stood at $2.9 billion at the end of 2025.
Oaktree Capital Management acquired ITG in 2021 in partnership with the firm's management. Morgan Stanley, Citigroup, UBS Investment Bank, and Stifel were among the joint bookrunners for the offering. ITG is scheduled to begin trading on the Nasdaq under the ticker symbol "ITG" on Wednesday.