ITG plans a $429.3 million IPO offering 19.5 million shares at $19 to $22 each, valuing the company at $2.67 billion. The offering targets Nasdaq listing under ITG, capitalizing on AI-driven demand for fiber and network expansion across 49 states. ITG provides physical broadband infrastructure services to data centers, carriers, and utilities.
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Summary by ByteBrief
Nvidia-Backed Company Targets AI Optical Bottleneck