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Business NewsTechTech & Internet Oaktree-backed digital infrastructure firm ITG aims to raise $429 million in US IPO
Oaktree-backed digital infrastructure firm ITG aims to raise $429 million in US IPO
Synopsis
ITG, a digital infrastructure company backed by Oaktree Capital and ITG Holdings, plans to raise up to $429 million in a US IPO. The offering highlights continued investor focus on digital infrastructure assets, including data centres, network connectivity and AI-related infrastructure, as demand for cloud computing and artificial intelligence services expands globally.
Digital infrastructure firm ITG said on Monday it was aiming to raise as much as $429.3 million in its U.S. initial public offering.
The Hendersonville, Tennessee-based company is offering 19.5 million shares priced between $19 and $22 apiece.
ITG was bought by investment firm Oaktree Capital Management in partnership with the firm's management in 2021.
Morgan Stanley, Citigroup, UBS Investment Bank, and Stifel are among the joint book-runners. ITG will list on the Nasdaq under the symbol "ITG".
The Hendersonville, Tennessee-based company is offering 19.5 million shares priced between $19 and $22 apiece.
ITG was bought by investment firm Oaktree Capital Management in partnership with the firm's management in 2021.
Morgan Stanley, Citigroup, UBS Investment Bank, and Stifel are among the joint book-runners. ITG will list on the Nasdaq under the symbol "ITG".
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