UPDATE 1-Gas engine maker Innio targets $20.3 billion valuation in US IPO

[출처/시간] Reuters - 7:25 AM ET, 05/26/2026

(Adds valuation target in ?paragraph 1 and details ?throughout)

May 26 (Reuters) - Gas ?engine manufacturer Innio is targeting a valuation of up to $20.25 billion in an initial public offering in the United States, it said on Tuesday.

Munich, Germany-based Innio's principal shareholder AI Alpine - co-owned by funds ?managed by Advent and ADIA - ?is seeking ?up to $2.03 billion in the ?IPO by offering 75 million shares priced between $24 and $27 per ?share.

Innio makes ?gas engines under its ?Jenbacher and Waukesha brands for ?a wide array of critical ?infrastructure, ?including data centers, microgrids, grid ?stabilization, industrial energy and gas compression.

Goldman ?Sachs, J.P. Morgan and Morgan Stanley are joint lead book-running ?managers for ?the offering.

Innio ?will list on the Nasdaq under ?the symbol "INIO". (Reporting by Arasu Kannagi Basil in ?Bengaluru; Editing ?by Vijay Kishore)