Innio targets 20.3 billion dollar valuation in US IPO
The German gas engine manufacturer Innio plans to raise up to 2.03 billion dollars by offering 75 million shares on the Nasdaq. Backed by Advent and ADIA, the company is capitalizing on rising electricity demand from AI data centers.
Innio targets a valuation of up to $20.25 billion in a United States IPO to capitalize on surging power demand from the artificial intelligence sector. The gas engine manufacturer plans to raise up to $2.03 billion by offering 75 million shares priced between $24 and $27. This listing provides investors a "picks and shovels" play on the infrastructure required to sustain the global data center buildout.
### Fueling the Data Center Buildout Germany-based Innio produces gas engines under the Jenbacher and Waukesha brands, focusing on critical infrastructure. The firm has seen annual data center equipment orders grow 16-fold between 2020 and 2025. This growth follows a 2018 deal where Advent International carved out the distributed power business of GENERAL ELECTRIC for $3.25 billion.
