ITG, Inc., a communications and digital infrastructure services company, on Monday announced the launch of its initial public offering of 19.5 million shares of Class A stock.
The company expects to price the offering between $19 and $22 per share.
The company has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol ITG.
The company intends to grant the underwriters a 30-day option to purchase up to an additional 2.17 million shares.
The option also includes the purchase of up to 758,194 shares from a selling stockholder.
The company expects to use the net proceeds from the offering to repay borrowings under its revolving credit facility and term loan facility.
The company said that any remaining proceeds will be used for general corporate purposes and to support business growth.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.