ITG, Inc. raises $323.4M in Nasdaq IPO at $16 per share

ITG, Inc. (Nasdaq: ITG), a provider of services to the communications and digital infrastructure industries, announced the closing of its initial public offering of 22,439,025 shares of Class A common stock at $16.00 per share.

The offering included 2,926,829 additional shares following the full exercise of the underwriters' option to purchase additional shares. The shares began trading on the Nasdaq Global Select Market on July 1, 2026.

The company received net proceeds of approximately $323.4 million after deducting underwriting discounts, commissions, and offering expenses. ITG said it intends to use the proceeds to repay outstanding principal under its revolving credit facility and term loan facility, with the remainder for general corporate purposes.

Morgan Stanley, Citigroup, UBS Investment Bank, and Stifel acted as joint bookrunners and representatives of the underwriters. 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.

The SEC declared the company's registration statement on Form S-1 effective on June 30, 2026. ITG is based in Fort Lauderdale, Florida, and operates across 49 states.

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