Deal Details

ITG Completes $312 Million Initial Public Offering

Industrial

ITG initial public offering

Summary

ITG, Inc. (“ITG” or the “Company”) (NASDAQ: ITG), a portfolio company of Oaktree Capital Management (“Oaktree”), recently announced the pricing of its initial public offering of 19,512,196 shares of its Class A common stock at a public offering price of $16.00 per share (the “Offering”). The underwriters have been granted a 30-day option to purchase up to an additional 2,926,829 shares of ITG’s Class A common stock.

The Offering generated approximately $312 million in primary gross proceeds for ITG. The Company intends to use the net primary proceeds to repay outstanding principal under its revolving credit facility and term loan facility.

Baird served as a Bookrunner on the Offering.

Key Offering Metrics

Pricing Date - June 30, 2026
Exchange / Ticker - NASDAQ / ITG
Initial Filing Range - $19.00 - $22.00
Offer Price - $16.00
Base Offering Size - $312.2 million (100% primary)
Overallotment Option - $46.8 million (100% primary)
Total Offering Size - $359.0 million
Diluted Market Cap - $1.9 billion
Enterprise Value - $2.5 billion
Sponsor - Oaktree Capital Management
Execution - 7-Day roadshow

About

ITG is a leading provider of end-to-end services to the communications and digital infrastructure industries throughout the United States. ITG supports the planning, design, construction, operation, maintenance and expansion of broadband, wireless, data center, utility and civil infrastructure. With a workforce operating across 49 states, ITG is positioned to build and maintain the digital backbone powering the future. ITG is headquartered in Fort Lauderdale, Florida.

Oaktree is a leader among global investment managers specializing in alternative investments, with $224 billion in assets under management as of March 31, 2026. Oaktree emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, equity and real estate. Oaktree has more than 1,500 employees and offices in 26 cities worldwide. Oaktree is headquartered in Los Angeles, California.

Industrial

ITG initial public offering