Corporate ActionJun 22, 2026, 06:52 AM
ITG Files for IPO of 19.5M Class A Shares; Price Range $19.00-$22.00
AI Summary
ITG, Inc. filed an amended S-1 registration statement for its initial public offering, seeking to sell 19,512,196 shares of Class A common stock at an estimated price range of $19.00 to $22.00 per share. The company plans to use the proceeds to repay approximately $120.0 million from its Revolving Credit Facility and $241.0 million from its Term Loan Facility. For the year ended December 31, 2025, ITG reported $1.2 billion in revenue and $6.2 million in net income, with a total backlog of $2.9 billion.
Key Highlights
- Initial Public Offering of 19,512,196 Class A common shares.
- Estimated IPO price range between $19.00 and $22.00 per share.
- Proceeds to repay $120.0 million Revolving Credit and $241.0 million Term Loan.
- Reported 2025 revenue of approximately $1.2 billion.
- Reported 2025 net income of $6.2 million.
- Total Backlog as of December 31, 2025, was $2.9 billion.
- Revenue grew at a 34% CAGR from 2022 to 2025.
Price Impact