JUST IN: INNIO HOLDING JUST FILED FOR ITS IPO
The European power generation company is listing on Nasdaq under $INIO.
The financials:
- FY 2025 net sales: $2.64 billion
- FY 2025 net income: $141.8 million
- Q1 2026 revenue: $668.6 million
- Q1 2026 net loss: $9 million
Deal structure:
- Ticker: $INIO (Nasdaq)
- Converting to a Dutch public company and changing name to INNIO N.V. before IPO close
- AI Alpine (an Advent International entity) remains principal shareholder and is selling in the IPO
- Pricing terms not yet disclosed
Underwriters (heavy slate):
- Lead: Goldman Sachs, JPMorgan, Morgan Stanley, BofA, Barclays, Citigroup, UniCredit
- Co-managers: Baird, BNP Paribas, Deutsche Bank, RBC, UBS, Credit Agricole, Erste Group, Drexel Hamilton, Academy Securities
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