Oaktree-backed digital infra firm ITG aims to raise $429 million in US IPO

ITG targets $429 million IPO as AI data center boom fuels broadband infrastructure demand - Tech Startups

The rush to cash in on the AI infrastructure buildout is no longer limited to chipmakers, cloud giants, and data center developers. It is now pulling in the companies that build and maintain the physical networks carrying all that traffic. […] The post ITG targets $429 million IPO as AI data center boom fuels broadband infrastructure demand first appeared on Tech Startups.

Oaktree-backed digital infra firm ITG aims to raise $429 million in US IPO

June 22 : Digital infrastructure firm ITG said on Monday it was aiming to raise as much as $429.3 million in its U.S. initial public offering.The Hendersonville, Tennessee-based company is offering 19.5 million shares priced between $19 and $22 apiece.ITG was bought by investment firm Oaktree Capital M

ITG aims for $2.7 billion valuation in Nasdaq IPO as Oaktree-backed infrastructure group looks to go public

ITG’s $429 million Nasdaq IPO values the Oaktree-backed digital infrastructure contractor at up to $2.67 billion, but nearly all proceeds will repay debt, not fund growth, while customer concentration and cancellable backlog add risk, SEC filings show. The post ITG aims for $2.7 billion valuation in Nasdaq IPO as Oaktree-backed infrastructure group looks to go public appeared first on TechStock².