SynopsisITG, 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.AgenciesDigital 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". ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now
Oaktree-backed digital infrastructure firm ITG aims to raise $429 million in US IPO - The Economic Times
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.
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