ITG (Nasdaq: ITG) priced its initial public offering of 19,512,196 Class A shares at $16.00 per share. Underwriters have a 30-day option for up to 2,926,829 additional shares. Trading is expected to begin July 1, 2026, with closing on July 2, 2026.
ITG expects net proceeds of about $279.2 million, excluding any option exercise, to repay outstanding amounts under its revolving credit and term loan facilities.
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Positive
IPO sized at 19,512,196 shares at $16.00 per share
Underwriters’ 30-day option for up to 2,926,829 additional shares
Expected net proceeds of approximately $279.2 million
Planned listing on Nasdaq Global Select Market under ticker ITG
Proceeds earmarked to repay revolving credit and term loan facilities
Negative
Issuance of 19,512,196 new shares may dilute existing ownership
Completion of the offering remains subject to customary closing conditions
Market Context
This announcement details ITG’s IPO at $16.00 per share and expected net proceeds of $279.2 million ...
Analysis
This announcement details ITG’s IPO at $16.00 per share and expected net proceeds of $279.2 million to repay credit facilities. With no trading history yet, investors will watch early liquidity, execution, and leverage reduction.
Key Figures
IPO share count:19,512,196 sharesIPO price:$16.00 per shareUnderwriters' option shares:2,926,829 shares+5 more
8 metrics
IPO share count19,512,196 sharesInitial public offering of Class A common stock
IPO price$16.00 per sharePrice to the public for the IPO
Underwriters' option shares2,926,829 sharesAdditional shares under 30-day underwriters' option
Underwriters' option period30 daysDuration of underwriters' option to purchase additional shares
Expected net proceeds$279.2 millionNet proceeds expected from IPO, excluding option exercise
Nasdaq listing dateJuly 1, 2026Expected first trading day on Nasdaq Global Select Market
Offering closing dateJuly 2, 2026Expected closing date of the IPO
Securities Act reference year1933Securities Act of 1933 referenced for prospectus requirements
Key Terms
initial public offering, revolving credit facility, term loan facility, form s-1, +1 more
5 terms
initial public offeringfinancial
"today announced the pricing of its initial public offering (the “offering”)"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
revolving credit facilityfinancial
"to repay outstanding principal under its revolving credit facility and term loan facility"
A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.
term loan facilityfinancial
"to repay outstanding principal under its revolving credit facility and term loan facility"
A term loan facility is a type of loan provided by a lender that is repaid over a set period of time, usually with fixed payments. It functions like a large, upfront loan that a borrower agrees to pay back gradually, often used to fund major investments or projects. For investors, understanding a company's use of such loans helps assess its financial stability and risk level.
form s-1regulatory
"A registration statement on Form S-1 relating to these securities has been filed"
A Form S-1 is the registration filing a company submits to the U.S. Securities and Exchange Commission when it plans to offer stock to the public, most commonly for an initial public offering. Think of it as the company’s full disclosure packet or blueprint: it contains audited financials, business description, management background, risk factors and details of the offering, giving investors the information needed to judge the company’s financial health and potential risks before buying shares.
prospectusregulatory
"The offering is being made only by means of a prospectus meeting the requirements"
A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.
FORT LAUDERDALE, Fla., June 30, 2026 (GLOBE NEWSWIRE) -- ITG, Inc. (“ITG” or the “Company”), a leading provider of end-to-end services to the communications and digital infrastructure industries, today announced the pricing of its initial public offering (the “offering”) of 19,512,196 shares of its Class A common stock (the “Common Stock”) at a price to the public of $16.00 per share. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 2,926,829 shares of Common Stock from the Company, at the initial public offering price, less underwriting discounts and commissions. The shares of Common Stock are expected to begin trading on the Nasdaq Global Select Market on July 1, 2026 under the ticker symbol “ITG.” The offering is expected to close on July 2, 2026, subject to customary closing conditions.
The Company expects to receive net proceeds of approximately $279.2 million, after deducting underwriting discounts and commissions and estimated offering expenses and excluding any exercise of the underwriters’ option to purchase additional shares of Common Stock. The Company intends to use the net proceeds from this offering as well as the net proceeds from the sale of any shares to the underwriters pursuant to an exercise of their option to purchase additional shares to repay outstanding principal under its revolving credit facility and term loan facility.
Morgan Stanley, Citigroup, UBS Investment Bank and Stifel are acting as joint bookrunners and representatives of the underwriters for the offering. BofA Securities, Baird, Santander, KeyBanc Capital Markets and Truist Securities are also acting as joint bookrunners. Houlihan Lokey, BTIG, Capital One Securities and Regions Securities LLC are acting as co-managers.
A registration statement on Form S-1 relating to these securities has been filed with, and declared effective by, the SEC. The offering is being made only by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Copies of the final prospectus, when available, may be obtained from: Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146); UBS Securities LLC, Attention: Prospectus Department, 11 Madison Avenue, New York, New York 10010, or by email at ol-prospectus-request@ubs.com; and Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate Department, 1201 Wills St., Suite 600, Baltimore, MD 21231, by telephone at (855) 300-7136 or by email at SyndProspectus@Stifel.com.
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.
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 our future.
Contact: Chris Mecray 917-517-3388 chris.mecray@itgcomm.com
FAQ
What are the key details of the ITG (Nasdaq: ITG) IPO priced on June 30, 2026?
ITG priced its IPO at $16.00 per share for 19,512,196 Class A shares. According to ITG, underwriters also hold a 30-day option to buy up to 2,926,829 additional shares at the IPO price, less underwriting discounts and commissions.
How much money will ITG (ITG) raise from its initial public offering?
ITG expects net proceeds of about $279.2 million from the IPO. According to ITG, this figure is after underwriting discounts and estimated expenses and excludes any additional proceeds from underwriters exercising their 30-day option to purchase more shares.
When will ITG (ITG) start trading on Nasdaq after its IPO?
ITG shares are expected to begin trading on the Nasdaq Global Select Market on July 1, 2026. According to ITG, the offering is expected to close on July 2, 2026, subject to customary closing conditions being satisfied for the transaction.
What will ITG (ITG) use the IPO proceeds for?
ITG plans to use IPO net proceeds to repay outstanding principal under its revolving credit and term loan facilities. According to ITG, this also includes any net proceeds from shares sold if underwriters exercise their 30-day option to purchase additional common stock.
What is the potential share dilution from the ITG (ITG) IPO for investors?
The IPO issues 19,512,196 new Class A shares, with an option for 2,926,829 more. According to ITG, these new shares are offered to the public, which may dilute percentage ownership of existing shareholders once trading begins and the offering closes.
Who are the underwriters for the ITG (ITG) initial public offering?
Morgan Stanley, Citigroup, UBS Investment Bank and Stifel act as joint bookrunners and representatives. According to ITG, BofA Securities, Baird, Santander, KeyBanc Capital Markets, Truist Securities and several others participate as joint bookrunners or co-managers for the IPO.
