Oaktree-backed ITG jumps in Nasdaq debut, signaling strong AI infrastructure demand

ITG’s shares rose 12.5% in their Nasdaq debut on Wednesday, giving the Oaktree-backed digital infrastructure company a market value of $2.18 billion, as investors continued to back firms tied to the AI boom.

The debut adds to signs that investor appetite for companies supporting the AI buildout remains robust, as ‌hyperscalers and technology ⁠firms ⁠pour billions into expanding data centers to meet soaring demand for AI computing.