ITG Inc. — News

ITG (NASDAQ:ITG) has received ‘Buy’ ratings from both Bank of America and UBS on Monday, with the firms citing the communications infrastructure services...

proactiveinvestors.com - 2026-07-27 10:59:00

FORT LAUDERDALE, Fla. , July 22, 2026 (GLOBE NEWSWIRE) -- ITG, Inc. (Nasdaq: ITG) ("ITG" or the "Company"), a leading provider of end-to-end services to the communications and digital infrastructure industries, will release its second quarter financial results on Wednesday, August 12, 2026, after the market close.

globenewswire.com - 2026-07-22 14:43:38

FORT LAUDERDALE, Fla., July 22, 2026 (GLOBE NEWSWIRE) -- ITG, Inc. (Nasdaq: ITG) (“ITG” or the “Company”), a leading provider of end-to-end services to the communications and digital infrastructure industries, will release its second quarter financial results on Wednesday, August 12, 2026, after the market close.

globenewswire.com - 2026-07-22 14:43:00

This new IPO stock saw a key insider recently trim their stake by almost 40%.

fool.com - 2026-07-09 08:51:01

ITG faces post-IPO struggles despite positioning as a top digital infrastructure provider with strong sales growth and a rising backlog. Margins remain very thin, with pro forma operating income at just $6 million in Q1 and adjusted EBITDA of ~$150 million, resulting in high leverage. Customer concentration is a key risk, with the top two customers accounting for two-thirds of sales, alongside seasonality, labor shortages, and debt concerns.

seekingalpha.com - 2026-07-07 12:39:54

FORT LAUDERDALE, Fla., July 02, 2026 (GLOBE NEWSWIRE) -- ITG, Inc. (Nasdaq: ITG) (“ITG” or the “Company”), a leading provider of end-to-end services to the communications and digital infrastructure industries, today announced the closing of its initial public offering (the “offering”) of 22,439,025 shares of its Class A common stock (the “Common Stock”), which included an additional 2,926,829 shares of Common Stock following the exercise in full of the underwriters' option to purchase additional shares of Common Stock from the Company, at a price to the public of $16.00 per share.

globenewswire.com - 2026-07-02 16:50:00

FORT LAUDERDALE, Fla., June 30, 2026 (GLOBE NEWSWIRE) -- ITG, Inc. (“ITG” or the “Company”), a leading provider of end-to-end services to the communications and digital infrastructure industries, today announced the pricing of its initial public offering (the “offering”) of 19,512,196 shares of its Class A common stock (the “Common Stock”) at a price to the public of $16.00 per share.

globenewswire.com - 2026-06-30 18:41:00

ITG, Inc. has proposed terms for a $400 million IPO amid rapid topline growth and a $2.9B backlog, but has thin margins and liquidity. Despite a 48% recent YoY revenue growth rate, ITG's operating and net margins are declining, with negative cash flow and high customer concentration risk. IPO proceeds will primarily reduce debt, lowering net debt/EBITDA from 5.2x to 3.0x, but liquidity remains tight post-IPO.

seekingalpha.com - 2026-06-23 12:10:16

ITG, INC. ANNOUNCES LAUNCH OF INITIAL PUBLIC OFFERING – ITG, Inc. (the “Company”) today announced that it has launched the roadshow for the proposed IPO.

globenewswire.com - 2026-06-22 06:35:00