Oaktree-backed ITG set for Nasdaq debut after pricing IPO below range

Charter Communications

01/07/2026 11:52

** Digital infrastructure company ITG ITG.O set for Nasdaq debut later on Wednesday after pricing its IPO below range to raise $312.2 million
** ITG sold 19.5 million shares in ​IPO at $16 apiece vs marketed range of $19 to $22 apiece
** Company provides end-to-end services across United States supporting the planning, design, construction, operation, maintenance, and expansion of broadband, wireless, data center, utility, and civil infrastructure
** Comcast CMCSA.O and Charter Communications CHTR.O accounted for 60% of ITG's revenue last ​year
** Investment firm Oaktree Capital Management bought ITG in 2021, in partnership with the firm's management
** Morgan Stanley, Citigroup, UBS Investment Bank and Stifel acted as representatives of the underwriters for offering

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))