Oaktree-Backed ITG Prices IPO at $16, Below $19–$22 Range, Raising $312 Million
- Digital infrastructure services firm ITG Inc., backed by Oaktree Capital, priced 19.5 million shares at $16.00 on June 30, raising about $312.2 million — well below its marketed $19–$22 range (Bloomberg).
- The cut-price debut is the latest signal that the 2026 IPO market remains discriminating despite the S&P 500's blockbuster quarter, and ITG becomes one of the larger tech-infrastructure listings of the year.
- Shares trade on a U.S. exchange, giving investors fresh exposure to the data-center and connectivity build-out theme driving hyperscaler capex.