BUZZ-Oaktree-backed ITG poised to open higher in Nasdaq debut after $312 million IPO

Comcast Corporation Class A
Brookfield Asset Management Inc
Charter Communications, Inc. Class A

Comcast Corporation Class A

CMCSA

0.00

Brookfield Asset Management Inc

BN

0.00

Charter Communications, Inc. Class A

CHTR

0.00

Updates

** Digital infrastructure company ITG ITG.O on track to open above offer price in Nasdaq debut after $312.2 million IPO

** Stock recently indicated to open at $28.80 apiece vs $16 IPO price

** ITG sold 19.5 million shares in ​IPO below 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


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