Key insights
- INNIO Group, a distributed energy solutions provider, is launching its IPO roadshow to offer 75 million shares between $24.00 and $27.00. The company will list on the Nasdaq under the ticker "INIO." While a large IPO, INNIO reported a net loss in the most recent quarter, and its largest customers account for a significant portion of revenue. This may have a slightly negative impact on market sentiment.
Investing.com -- INNIO Group, a distributed energy solutions provider, has launched its roadshow for an initial public offering of 75 million common shares offered by a selling shareholder.
The company estimates the IPO price between $24.00 and $27.00 per share. INNIO will raise up to $2.03 billion at the top of the range pricing. The selling shareholder has granted underwriters a 30-day option to purchase up to an additional 11.25 million common shares at the IPO price.
INNIO has applied to list its common shares on the Nasdaq Global Select Market under the ticker symbol "INIO."
Goldman Sachs & Co. LLC, J.P. Morgan, and Morgan Stanley serve as joint lead book-running managers for the offering. BofA Securities, Barclays, and Citigroup act as book-running managers, while Baird, BNP Paribas, Deutsche Bank Securities, RBC Capital Markets, and UBS Investment Bank function as bookrunners.
The company, backed by private equity firm Advent and Abu Dhabi Investment Authority, reported a net loss of $7.2 million on revenue of $668.6 million in the first three months of 2026 compared to net income of $35 million on revenue of $494 million in the same period the year before, according to its filing with the US Securities and Exchange Commission.
Munich-based INNIO sells engines under the brands Jenbacher and Waukesha, and offers an AI-powered software platform for power plants called Myplant. The company has production hubs in Austria, Canada and the US.
The company's five largest customers accounted for about 39% of its revenue in the first quarter of 2026.