The infrastructure services firm priced 19.5M Class A shares, targeting gross proceeds of $312M in its market debut.
ITG priced its initial public offering of 19.5M Class A shares at $16 each, raising $312M in gross proceeds. The company specializes in engineering, construction, and maintenance services for communications and digital infrastructure networks.
The offering size and pricing align with preliminary expectations, though no prior print or consensus estimates were disclosed. ITG’s focus on digital infrastructure comes amid rising demand for network expansion and upgrades.
No immediate market reaction details were provided in the release.