SF Jul 1, 2026 · 5:18 AM

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ITG Priced Its Nasdaq IPO Below Range Even as the AI Infrastructure Boom Rages On

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ITG Priced Its Nasdaq IPO Below Range Even as the AI Infrastructure Boom Rages On

Oaktree Capital-backed ITG raised $312.2 million in its July 1 Nasdaq debut, but priced shares at $16, below its $19 to $22 target and well below the roughly $400 million offering it originally floated. The gap shows investors treating AI-adjacent infrastructure-services firms differently than chipmakers and hyperscalers.

Judith Murphy

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