ITG, Inc. Raises $323.4 Million in IPO with 22.4 Million Shares at $16
ITG•ITG, Inc. offered 22,439,025 Class A shares at $16 each, including a full exercise of 2,926,829 shares under the underwriters’ option, raising net proceeds of $323.4 million. Proceeds will repay revolving credit and term loans and fund general corporate initiatives to support growth.
1. IPO Details
ITG, Inc. offered 22,439,025 Class A shares at $16 each, including a full exercise of 2,926,829 shares under the underwriters’ option.
2. Net Proceeds and Use of Funds
The company received net proceeds of approximately $323.4 million, earmarked to repay its revolving credit facility and term loan and to finance general corporate initiatives aimed at supporting growth.
3. Market Debut and Underwriting
Shares began trading on July 1, 2026, on the Nasdaq Global Select Market under the symbol ITG, with Morgan Stanley, Citigroup, UBS Investment Bank and Stifel as joint bookrunners and several co-managers.
