Deal Details
ITT Completes $1.3 Billion Follow-On Offering
Summary
ITT Inc. (“ITT” or the “Company”) (NYSE: ITT) recently completed the pricing of an underwritten public offering of 8,050,000 shares of the Company’s common stock, including 1,050,000 shares sold pursuant to the full exercise of the underwriters’ option to purchase additional shares from the Company, at a price of $167.00 per share (the “Offering”). The Offering generated approximately $1.3 billion in gross proceeds to ITT. The Company intends to use the net proceeds from the Offering to fund a portion of the previously announced acquisition of the business of SPX FLOW, Inc.
Baird served as a co-manager on the Offering.
About
ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial and energy markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. The Company has employees in more than 35 countries and sales in approximately 125 countries. ITT is headquartered in Stamford, Connecticut.CONTACT US TO LEARN MORE
- Date
- December 2025
- Company
- ITT Inc.
- Transaction
- Equity Capital Markets
- Sectors
- Industrial
- Verticals
-
Flow, Motion and Power Technologies
- Target Geography
- North America
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