Corporate ActionJul 2, 2026, 04:51 PM
ITG Closes IPO, Raises $323.4M Net from 22.4M Shares
AI Summary
ITG, Inc. announced the closing of its initial public offering, which included the full exercise of the underwriters' option to purchase additional shares. The company sold a total of 22,439,025 shares of Class A common stock at $16.00 per share, generating approximately $323.4 million in net proceeds. These funds are intended to repay outstanding principal under its revolving credit and term loan facilities, and for general corporate purposes to support business growth.
Key Highlights
- Closed initial public offering (IPO) of Class A common stock.
- Sold 22,439,025 shares, including underwriters' option.
- Underwriters' option for 2,926,829 additional shares exercised in full.
- Offering price was $16.00 per share.
- Received net proceeds of approximately $323.4 million.
- Proceeds to repay outstanding principal under credit facilities.
- Shares began trading on Nasdaq on July 1, 2026, under 'ITG'.
Price Impact
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