Updated
Updated · Bloomberg · Jun 30ITG Raises $312.2 Million in US IPO at $16, Below $19-to-$22 Range
3 articles · Updated · Bloomberg · Jun 30Summary
- ITG sold 19.5 million shares at $16 each in its US initial public offering, raising $312.2 million in a pricing that came in below expectations.
- The digital infrastructure services firm had marketed the shares at $19 to $22, making the final price a discount to the bottom of the range.
- Oaktree Capital backs ITG, whose deal adds to the latest test of investor appetite for new US listings.
Insights
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