en.Wedoany.com Reported - ITG (a broadband and utility infrastructure design and engineering service provider) announced the terms of its initial public offering (IPO) yesterday. The company, headquartered in Fort Lauderdale, Florida, plans to offer 19.5 million shares at a price range of $19 to $22 per share, raising approximately $400 million. Based on the midpoint of the proposed range, ITG's market capitalization would reach $2.5 billion.

ITG provides infrastructure services to broadband, wireless, and utility network operators across the United States. The company operates through two segments: the Engineering and Maintenance segment, which supports ongoing network operations and planned maintenance; and the Infrastructure Deployment segment, which covers the planning, design, and construction of new and expanded networks. ITG has a diversified customer base, including broadband service providers, fiber providers, wireless operators, data center operators, and public and private utility companies, primarily supporting them through long-term master service agreements.

Founded in 2014, ITG generated $1.3 billion in revenue for the 12 months ending March 31, 2026. The company plans to list on the Nasdaq under the ticker symbol ITG. Morgan Stanley, Citi, UBS Investment Bank, Stifel, BofA Securities, Baird, Santander, KeyBanc Capital Markets, and Truist Securities are serving as joint bookrunners for the offering. The stock pricing is expected to be completed during the week of June 29, 2026.

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