ITG, Inc., a provider of services to the communications and digital infrastructure sectors, announced the pricing of its initial public offering of Class A common stock at $16.00 per share. The offering comprises 19,512,196 shares priced at $16.00 each.
The company said the shares are expected to begin trading on the Nasdaq Global Select Market on July 1, 2026, using the ticker symbol ITG. The offering is scheduled to close on July 2, 2026, subject to customary closing conditions.
After accounting for underwriting discounts, commissions and estimated offering expenses, ITG expects to receive net proceeds of approximately $279.2 million. That figure does not reflect any additional shares that might be sold if the underwriters exercise their option.
Under the terms granted to the underwriters, ITG has provided a 30-day option to purchase up to an additional 2,926,829 shares at the IPO price, minus underwriting discounts and commissions. The exercise or non-exercise of that option would affect the total gross and net proceeds from the offering.
The company stated it intends to apply the net proceeds from the offering to repay outstanding principal under its revolving credit facility and its term loan facility. No additional uses of proceeds were specified.
Several investment banks are serving as bookrunners and underwriters on the deal. Morgan Stanley, Citigroup, UBS Investment Bank, and Stifel are acting as joint bookrunners and representatives of the underwriters. Joining them as joint bookrunners are BofA Securities, Baird, Santander, KeyBanc Capital Markets, and Truist Securities. Houlihan Lokey, BTIG, Capital One Securities, and Regions Securities LLC are listed as co-managers.
The company indicated that a registration statement on Form S-1 related to these securities has been filed with and declared effective by the U.S. Securities and Exchange Commission.
Contextual note on execution and timing: The pricing and timetable supplied by ITG set out the intended market debut and the mechanics for closing, including standard conditions that must be satisfied. The firm’s stated plan to use proceeds to reduce outstanding principal under its credit facilities highlights a focus on balance-sheet liquidity and debt reduction.