INNIO prices upsized IPO at $27 per share on nasdaq

INNIO Group priced its initial public offering at $27 per share for 90 million common shares, the Munich-based distributed energy solutions provider announced. The offering represents a 15 million share increase from the originally proposed 75 million share offering.

The offering consists entirely of secondary shares sold by the sole selling shareholder. INNIO will not offer any common shares and will not receive proceeds from the sale, according to a company statement.

Shares are expected to begin trading on the Nasdaq Global Select Market under ticker symbol "INIO" on June 4, 2026. The offering is expected to close on June 5, 2026, subject to customary closing conditions.

The selling shareholder granted underwriters an option to purchase up to an additional 13.5 million common shares at the IPO price, less underwriting discounts and commissions.

Goldman Sachs & Co. LLC, J.P. Morgan and Morgan Stanley serve as joint lead book-running managers. BofA Securities, Barclays and Citigroup act as book-running managers. Additional bookrunners include Baird, BNP Paribas, Deutsche Bank Securities, RBC Capital Markets, and UBS Investment Bank.

The U.S. Securities and Exchange Commission declared the registration statement effective on June 3, 2026.

INNIO designs, manufactures and services power systems under its Jenbacher and Waukesha brands for applications including data centers, microgrids, grid stabilization, industrial energy, and gas compression. The company operates across approximately 100 countries and employs over 5,000 people worldwide.

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