ITG Closes IPO, Raises Net Proceeds of $323.4 Million

ITG (ITG) said Thursday it closed its initial public offering of about 22.4 million Class A shares, including the full exercise of the underwriters' option to purchase additional shares at $16.00 each. The communications and digital infrastructure services company said it received net proceeds of about $323.4 million, which it plans to use to repay debt under its revolving credit and term loan facilities and for general corporate purposes.