Advent-Backed Innio Targets US IPO at up to $15bn Valuation
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Riding the wave of the data center boom, the Tyrolean gas engine manufacturer Innio is pushing for an IPO on the US technology exchange Nasdaq. With the submission of its registration application to the US Securities and Exchange Commission (SEC), the company, headquartered in Jenbach, Tyrol, officially launched its IPO, expected to be worth billions, on Monday evening (local time), which is anticipated to take place before the summer break.
Advent-backed Innio targets US IPO at up to $15bn valuation
Innio Holding GmbH, the gas engine and power solutions provider backed by Advent International and the Abu Dhabi Investment Authority (ADIA) has filed for a US initial public offering, according to a report by Bloomberg. The moves comes as the firm positiond itself to capitalise on rising investor appetite for industrial companies benefiting from growth in data centres and artificial intelligence-related power demand. The Munich-based group disc…
The US financial investor Advent has submitted an application for a planned IPO in the USA for its gas engine division INNIO Group with a plant in Jenbach.
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