---
title: "ITG Finalizes IPO Underwriting and Post-IPO Governance Agreements"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291785496.md"
description: "ITG finalized key agreements for its initial public offering, including an underwriting pact with Morgan Stanley, Citigroup, UBS, and Stifel. The company also adopted a restated LLC agreement for post-IPO governance, entered a Tax Receivable Agreement to share tax benefits, and signed Stockholders and Registration Rights Agreements with Oaktree affiliates and management to establish governance and provide liquidity pathways."
datetime: "2026-07-06T10:03:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291785496.md)
  - [en](https://longbridge.com/en/news/291785496.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291785496.md)
generator: "portal-rs"
---

# ITG Finalizes IPO Underwriting and Post-IPO Governance Agreements

ITG completed a suite of material agreements tied to its initial public offering, including an underwriting pact led by Morgan Stanley, Citigroup, UBS and Stifel, and a set of post-IPO governance arrangements. The company and ITG Parent adopted a restated LLC agreement to align exchange and governance mechanics, entered a Tax Receivable Agreement to share realized tax benefits with legacy holders, and executed a Stockholders Agreement and Registration Rights Agreement with Oaktree-affiliated holders and management. Together, these agreements facilitate the offering, set ongoing governance, and provide future liquidity pathways for major shareholders.

**Agreement 1: ITG Enters IPO Underwriting Agreement With Morgan Stanley, Citigroup, UBS and Stifel**

-   **Agreement type**: Underwriting agreement for initial public offering
-   **Counterparty**: Morgan Stanley, Citigroup, UBS, Stifel and other underwriters
-   **Signed / Effective**: Jun 30 2026 / same
-   **Duration / Termination**: Transaction-specific
-   **Reason**: Execute and support the initial public offering

**Agreement 2: ITG and ITG Parent Adopt Second Amended and Restated LLC Agreement**

-   **Agreement type**: Second Amended and Restated LLC Agreement
-   **Counterparty**: ITG Parent and other signatories
-   **Signed / Effective**: Jul 01 2026 / same
-   **Duration / Termination**: At will
-   **Reason**: Establish post-IPO governance and exchange mechanics

**Agreement 3: ITG Enters Tax Receivable Agreement With ITG Parent and TRA Holders**

-   **Agreement type**: Tax Receivable Agreement
-   **Counterparty**: ITG Parent and TRA Holders
-   **Signed / Effective**: Jul 01 2026 / same
-   **Duration / Termination**: At will
-   **Reason**: Share realized tax benefits with pre-IPO holders

**Agreement 4: ITG Signs Stockholders Agreement With Oaktree Affiliates and Management Holdings**

-   **Agreement type**: Stockholders Agreement
-   **Counterparty**: OCM Power VI AIV Holdings (Delaware), OCM ITG Aggregator, ITG Management Holdings
-   **Signed / Effective**: Jul 02 2026 / same
-   **Duration / Termination**: At will
-   **Reason**: Set governance and coordination among key holders

**Agreement 5: ITG Executes Registration Rights Agreement With Oaktree Holders and Others**

-   **Agreement type**: Registration Rights Agreement
-   **Counterparty**: Oaktree Blocked Fund, Oaktree Aggregator, ITG Management Holdings and others
-   **Signed / Effective**: Jul 02 2026 / same
-   **Duration / Termination**: At will
-   **Reason**: Provide resale liquidity for significant shareholders

Original SEC Filing: ITG, Inc./DE/ \[ ITG \] - 8-K - Jul. 02, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**