Broadband and utility engineering service provider ITG (ITG.US) sets IPO pricing of $19-22 per share, aiming to raise $400 million.

ITG, a company headquartered in Fort Lauderdale, Florida, is a provider of design and engineering services for broadband and utility infrastructure. The company announced the terms for its initial public offering (IPO) on Monday. ITG plans to issue 19.5 million shares priced at $19 to $22 per share, aiming to raise approximately $400 million. Based on the midpoint of the price range, the company's market value will reach $2.5 billion after going public. ITG primarily serves broadband, wireless, and utility network operators in the United States. The company's business is divided into two segments: the Engineering and Maintenance segment, which supports daily network operations and planned maintenance; and the Infrastructure Deployment segment, which covers planning, designing, and constructing new networks and network expansions. ITG has a wide range of clients, including broadband service providers, fiber suppliers, wireless operators, data center operators, and public and private utility companies, with services primarily based on long-term master service agreements. Established in 2014, ITG generated revenues of $1.3 billion in the past 12 months as of March 31, 2026. The company plans to list on the Nasdaq Stock Exchange under the stock symbol "ITG." The joint book-running managers for the IPO include Morgan Stanley, Citigroup, UBS Group AG, Stifel, Bank of America Securities, Baird, Banco Santander S.A. Sponsored ADR, KeyBanc Capital Markets, and Truist Securities. The pricing date is expected to be the week of June 29, 2026.