Corporate ActionJun 30, 2026, 06:42 PM
ITG Prices IPO at $16.00/Share; Raises $279.2M Net Proceeds
AI Summary
ITG, Inc. announced the pricing of its initial public offering of 19,512,196 shares of Class A common stock at $16.00 per share. The company expects to receive net proceeds of approximately $279.2 million, excluding any exercise of the underwriters' option to purchase additional shares. The proceeds will be used to repay outstanding principal under its revolving credit facility and term loan facility. Shares are anticipated to begin trading on the Nasdaq Global Select Market on July 1, 2026, under the ticker symbol "ITG."
Key Highlights
- ITG priced its initial public offering of 19,512,196 shares of Class A common stock.
- The shares were priced at $16.00 per share.
- The company granted underwriters a 30-day option to purchase up to an additional 2,926,829 shares.
- ITG expects to receive net proceeds of approximately $279.2 million from the offering.
- Proceeds will be used to repay outstanding principal under its revolving credit facility and term loan facility.
- Shares are expected to begin trading on Nasdaq Global Select Market on July 1, 2026 under ticker "ITG".
Price Impact
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