Shares of digital infrastructure services provider ITG Inc (ITG.US) began trading on Wednesday, opening higher on its first day of public trading.

The stock was up 8% at $17.28 at the time of reporting, following its initial public offering priced at $16 per share.

The company provides digital infrastructure construction services primarily for telecommunications carriers, data center operators, and utility clients.

Its business scope includes the construction and maintenance of fiber-optic broadband networks, 5G wireless communication networks, data centers, and power infrastructure.

With continued growth in investment for artificial intelligence (AI) data centers, the company is positioned to benefit from rising demand for digital infrastructure build-out.

Proceeds from this IPO are intended to be used mainly for debt repayment and optimizing the company's capital structure.

ITG Inc is backed by Oaktree Capital Management, and market observers believe the company's future prospects are tied to long-term investment trends in US AI data centers, broadband network upgrades, and 5G infrastructure development.

However, as an infrastructure contractor, its profitability and growth trajectory remain subjects for further observation.