Corporate ActionJul 6, 2026, 06:07 AM
ITG Finalizes IPO Agreements, Issues Shares to Key Owners
AI Summary
ITG, Inc. finalized several material agreements in connection with its initial public offering (IPO), including an Underwriting Agreement, a Second Amended and Restated LLC Agreement for ITG Parent, a Tax Receivable Agreement, a Stockholders Agreement, and a Registration Rights Agreement. Concurrently, the company issued over 101 million shares of Class A and Class B common stock to Oaktree entities and ITG Management Holdings as part of the organizational structure. Additionally, Francis A. Braun III and Dylan G. Petre were appointed to the company's board of directors.
Key Highlights
- Underwriting Agreement signed on June 30, 2026, for the initial public offering.
- Second Amended and Restated LLC Agreement for ITG Parent adopted on July 1, 2026.
- Tax Receivable Agreement executed on July 1, 2026, with ITG Parent and TRA Holders.
- Stockholders Agreement and Registration Rights Agreement finalized on July 2, 2026.
- 26,005,508 Class A shares issued to Oaktree Blocked Fund on July 1, 2026.
- 31,880,101 Class B shares issued to Oaktree Aggregator on July 1, 2026.
- 43,832,585 Class B shares issued to ITG Management Holdings, LLC on July 1, 2026.
- Francis A. Braun III and Dylan G. Petre appointed to the Board of Directors.
Price Impact
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