Economic TimesLean R·
US stocks: Oaktree-backed ITG targets $2.7 billion valuation in US IPO
Digital infrastructure firm ITG is aiming for a valuation of up to $2.67 billion in its US stock market debut, seeking to raise as much as $429 million. The company, which supports broadband network construction and maintenance, is capitalizing on strong AI-driven demand and a busy summer for IPOs. ITG's services are crucial for high-speed connectivity, with major clients like Comcast and Charter Communications contributing significantly to its revenue.
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