June 5 (Reuters) - Digital infrastructure services

startup ITG reported a rise in quarterly and annual revenue in

its filing to go public in the U.S. on Friday, as a host of

companies line up to tap the public markets.

A rebound in activity in the U.S. initial public offering

market has made boardrooms eager to list their shares in the

public markets, with Elon Musk's SpaceX set to debut on Nasdaq

next week.

AI giant Anthropic has also filed confidentially to list its

shares in New York.

ITG is an infrastructure services company that provides

support to U.S. digital and utility sectors and focuses on the

design, construction and maintenance of broadband networks.

Led by industry veterans, the company operates across 49

states, giving it a nationwide footprint.

The company operates through two lines - engineering and

maintenance and infrastructure deployment.

It operates in a high-growth sector buoyed by the U.S.

government's Broadband Equity, Access and Deployment (BEAD)

program, as well as surging demand for AI-ready data center

infrastructure.

The BEAD program is a $42.45 billion federal initiative

expanding high-speed internet to unserved U.S. areas.

AT&T will spend more than $250 ​billion over five years in

the U.S. to expand its network infrastructure and will ‌hire

thousands of technicians this year, the company said earlier in

the year.

ITG reported revenue of $333.9 million for the three months

ended March 31, 2026, compared with $225.4 million in the

year-ago period. Annual revenue also showed a nearly 16% surge

for the year ended in 2025.

ITG will contribute offering proceeds to ITG Intermediate,

which will use the funds to purchase LLC interests from the

parent company.

The funds will also be used to repay outstanding revolving

credit and term loan debt, while supporting general growth.

Morgan Stanley, Citigroup, UBS Investment Bank and Stifel

are among the lead bookrunning managers for the offering. ITG

intends to go public on Nasdaq under the ticker symbol "ITG".