ITG, a provider of design and engineering services for broadband and utility infrastructure, announced terms for its IPO on Monday.
The Fort Lauderdale, FL-based company plans to raise $400 million by offering 19.5 million shares at a price range of $19 to $22. At the midpoint of the proposed range, ITG would command a market cap of $2.5 billion.
ITG provides infrastructure services to broadband, wireless, and utility network operators across the United States. The company operates through two segments: Engineering & Maintenance, which supports ongoing network operations and planned maintenance, and Infrastructure Deployment, which covers the planning, design, and construction of new and expanded networks. ITG serves a diverse customer base including broadband service providers, fiber providers, wireless carriers, data center operators, and public and private utilities, primarily under long-term master service agreements.
ITG was founded in 2014 and booked $1.3 billion in revenue for the 12 months ended March 31, 2026. It plans to list on the Nasdaq under the symbol ITG. Morgan Stanley, Citi, UBS Investment Bank, Stifel, BofA Securities, Baird, Santander, KeyBanc Capital Markets, and Truist Securities are the joint bookrunners on the deal. It is expected to price the week of June 29, 2026.
