GK and monthly revision

US stocks: Oaktree-backed ITG targets $2.7 billion valuation in US IPO

Digital infrastructure firm ITG is preparing for its US IPO, targeting a valuation of up to $2.67 billion while seeking to raise $429 million. This move is significant as it highlights the growing demand for broadband infrastructure, particularly driven by AI advancements. The company's services are essential for high-speed connectivity, and its major clients include Comcast and Charter Communications, indicating strong market positioning and potential economic impact.