US stocks: Oaktree-backed ITG targets $2.7 billion valuation in US IPO (opens original article in a new tab)

Digital infrastructure company ITG is targeting a $2.67 billion valuation in its US IPO, seeking $429.3 million by offering 19.5 million shares at $19-$22 per share. Oaktree Capital Management owns ITG and led its expansion through 12 acquisitions, with 60% of revenue coming from Comcast and Charter Communications.

• Digital infrastructure company ITG targets $2.67 billion valuation in US IPO
• ITG seeks $429.3 million by offering 19.5 million shares at $19-$22 per share
• Oaktree Capital Management owns ITG and led its expansion through 12 acquisitions
• ITG's customer base is concentrated with 60% of revenue from Comcast and Charter Communications