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

US-based broadband services firm ITG, backed by Oaktree Capital Management, is targeting a valuation of about $2.7 billion in its US IPO. The Hendersonville, Tennessee-based company plans to raise up to $429.3 million by offering 19.5 million shares priced between $19 and $22 each, and will list on Nasdaq under the symbol ITG.