Oaktree-backed ITG prices IPO at $16 per share, below range, raising $312 million

CNA

3h ago· 1 min readenNews

finance business digital infrastructure ipo

Summary

Oaktree-backed digital infrastructure firm ITG priced its U.S. IPO at $16 per share, below the targeted $19-$22 range, raising $312.2 million by selling 19.5 million shares. The company provides end-to-end digital infrastructure services across the U.S., including broadband, wireless, data center, utility and civil infrastructure planning, construction, operation and maintenance. Demand has grown as high-speed broadband becomes essential and AI companies expand.

Source

bskyOaktree-backed ITG prices IPO at $16 per share, below range, raising $312 millionchannelnewsasia.com

Key quotes

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ITG provides end-to-end digital infrastructure services across the U.S., supporting the planning, construction, operation and maintenance of broadband, wireless, data center, utility and civil infrastructure.

Demand for its services has grown as high-speed broadband has become an essential utility and as AI companies s

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June 30 : Oaktree-backed ITG said on Tuesday it had priced its U.S. initial public offering at $16 per share, below its targeted range, raising $312.2 million. The digital infrastructure firm sold 19.5 million shares in the offering, initially marketed be

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