Digital infrastructure company ITG announced Monday that it plans to raise up to $429.3 million through an initial public offering in the United States.
The company, headquartered in Hendersonville, Tennessee, intends to put 19.5 million shares on the market, with each share priced somewhere between $19 and $22.
ITG is backed by investment firm Oaktree Capital Management, which acquired the company in partnership with ITG’s own management team back in 2021.
Several major financial institutions are serving as joint bookrunners for the offering, including Morgan Stanley, Citigroup, UBS Investment Bank, and Stifel. Once listed, ITG’s shares will trade on the Nasdaq stock exchange under the ticker symbol “ITG.”
