InvestmentJun 26, 2026, 04:44 PM
ITG, Inc. Files for IPO of 19.5M Class A Shares at $19-$22
AI Summary
ITG, Inc. filed an S-1/A registration statement for its initial public offering of 19,512,196 shares of Class A common stock, with an estimated price range of $19.00 to $22.00 per share. The company plans to use the net proceeds to repay approximately $361.0 million in outstanding borrowings and for general corporate purposes. Post-offering, ITG will operate under an "Up-C" structure, with Continuing Equity Owners retaining significant voting control.
Key Highlights
- ITG, Inc. is offering 19,512,196 shares of Class A common stock.
- Estimated initial public offering price is between $19.00 and $22.00 per share.
- Net proceeds will repay $120.0 million Revolving Credit Facility and $241.0 million Term Loan Facility.
- Underwriters have an option to purchase up to an additional 2,168,635 shares from the company.
- Continuing Equity Owners will own approximately 83.90% of combined voting power post-offering.
- ITG, Inc. will own approximately 37.83% of LLC Interests in ITG Parent post-offering.
- The company expects to pay approximately 85% of tax savings to TRA Participants under the Tax Receivable Agreement.
Price Impact
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