ITG prices IPO at $16 per share on Nasdaq

ITG, Inc., a provider of services to the communications and digital infrastructure industries, announced the pricing of its initial public offering of 19,512,196 shares of Class A common stock at $16.00 per share.

The shares are expected to begin trading on the Nasdaq Global Select Market on July 1, 2026, under the ticker symbol NASDAQ: ITG, with the offering expected to close on July 2, 2026, subject to customary closing conditions.

The company expects to receive net proceeds of approximately $279.2 million after deducting underwriting discounts, commissions, and estimated offering expenses, excluding any exercise of the underwriters' option to purchase additional shares. ITG has granted underwriters a 30-day option to purchase up to an additional 2,926,829 shares at the IPO price, less underwriting discounts and commissions.

The company stated it intends to use the net proceeds to repay outstanding principal under its revolving credit facility and term loan facility.

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.

The information is based on a press release statement from ITG, Inc. A registration statement on Form S-1 relating to the securities has been filed with and declared effective by the SEC.

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