Wednesday, 1 July, 2026
High-Speed Discount: Oaktree-Backed ITG Lowers IPO Price to Secure $312 Million
By TechShots Studio
Oaktree-backed digital infrastructure firm ITG raised $312.2 million in its U.S. initial public offering after pricing its shares at $16 each—dropping below its targeted $19 to $22 range. Despite broader market caution on valuations, investor appetite remained highly active, fueled by ITG’s critical role in constructing fiber networks and data centers to power America's massive artificial intelligence boom.