Business
ITT Announces Closing of Underwritten Public Offering of Common Stock and Full Exercise by Underwriters of Option to Purchase Additional Shares
STAMFORD, Conn., December 10, 2025--ITT Inc. (NYSE: ITT) today announced the closing of its previously announced underwritten public offering of 8,050,000 shares of its common stock.
About this update from Itt Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":322,"url":"https://media.zenfs.com/en/business-wire.com/4398cbe2bc1447af8c88d7ad26cae8dd"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/O.AfLWiOOru5f9i0ZBXwLQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0NDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/4398cbe2bc1447af8c88d7ad26cae8dd","width":480,"height":322}},"lazy":false},{"type":"text","content":"STAMFORD, Conn., December 10, 2025--(BUSINESS WIRE)--December 10, 2025-- ITT Inc. ("ITT" or the "Company") (NYSE: ITT) today announced the closing of its previously announced underwritten public offering of 8,050,000 shares of its common stock, which includes the full exercise of the underwriters’ option to purchase up to 1,050,000 additional shares, at a public offering price of $167.00 per share. The net proceeds from the offering were approximately $1.31 billion, after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company.","length":601,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds from the offering to fund a portion of the previously announced acquisition of the business of SPX FLOW, Inc. (the "Acquisition"). In the event that the Acquisition is not completed, the proceeds from the offering will be used for general corporate purposes.","length":312,"tagName":"p"},{"type":"text","content":"Goldman Sachs & Co. LLC and UBS Investment Bank acted as lead book-running managers with Barclays acting as a book-running manager. BTIG, BofA Securities, ING, BNP Paribas, Wells Fargo Securities, COMMERZBANK and IMI - Intesa Sanpaolo acted as additional bookrunners for the offering. Baird, D.A. Davidson & Co., KeyBanc Capital Markets, Stifel and Wolfe | Nomura Alliance acted as co-managers for the offering.","length":419,"tagName":"p"},{"type":"text","content":"The offering was made pursuant to the automatic shelf registration statement on Form S-3ASR filed by the Company on November 1, 2024 with the U.S. Securities and Exchange Commission (the "SEC"), which became effective upon filing. A final prospectus supplement relating to the offering has been filed with the SEC and is available on the SEC’s website at...