INNIO begins roadshow for initial public offering on Nasdaq

INNIO Group, a distributed energy solutions provider, has launched its roadshow for an initial public offering of 75 million common shares offered by a selling shareholder, according to a company statement.

The selling shareholder has granted underwriters a 30-day option to purchase up to an additional 11.25 million common shares at the IPO price, minus underwriting discounts and commissions. The company estimates the IPO price between $24.00 and $27.00 per share.

INNIO has applied to list its common shares on the Nasdaq Global Select Market under the ticker symbol "INIO" (NASDAQ: INIO).

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

The company has filed a registration statement with the U.S. Securities and Exchange Commission, though it has not yet become effective. The offering remains subject to market conditions and regulatory approval.

The complete offering will be conducted through a prospectus, with preliminary versions available from the lead underwriters upon request.

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