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INNIO Launches Roadshow for Initial Public Offering

Business

INNIO Launches Roadshow for Initial Public Offering
Business

Business

INNIO Launches Roadshow for Initial Public Offering

2026-05-26 19:33 Last Updated At:19:40

MUNICH, Germany--(BUSINESS WIRE)--May 26, 2026--

INNIO Group ("INNIO"), a leading global distributed energy solutions provider, today announces the launch of its roadshow for its initial public offering (the “IPO”) of its common shares, with 75,000,000 common shares to be offered by the selling shareholder. In connection with the offering, the selling shareholder has granted the underwriters a 30-day option to purchase up to an additional 11,250,000 common shares at the IPO price, less underwriting discounts and commissions. The IPO price is currently estimated to be 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."

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260526069571/en/

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to the proposed offering, when available, may be obtained from:

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy these securities be accepted, prior to the time the registration statement becomes effective.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Goldman Sachs & Co. LLC, J.P. Morgan, and Morgan Stanley are acting as joint lead book-running managers for the proposed offering. BofA Securities, Barclays, and Citigroup are acting as book-running managers for the proposed offering. Baird, BNP Paribas, Deutsche Bank Securities, RBC Capital Markets, and UBS Investment Bank are acting as bookrunners for the proposed offering. Credit Agricole CIB, Erste Group, UniCredit, Academy Securities, and Drexel Hamilton are acting as co-managers for the proposed offering.

Certain statements contained in this press release constitute forward-looking statements, including with respect to the proposed IPO. Management has based these forward-looking statements on its current expectations, assumptions, estimates, and projections. While they believe these expectations, assumptions, estimates, and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management’s control. These statements involve risks and uncertainties that may cause INNIO’s actual results, performance, or achievements to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, INNIO assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

About INNIO Group

INNIO Group is a global distributed energy solutions provider that delivers reliable, flexible, transient, decentralized, modular, and efficient power. With a track record of innovation, INNIO designs, manufactures, and services high‑performance power systems under its Jenbacher and Waukesha brands. The company delivers power for applications including data centers, microgrids, grid stabilization, industrial energy, and gas compression.

INNIO has a global coverage across approximately 100 countries as of December 31, 2025, supported by a resilient, high‑margin services business that delivers long‑term, recurring revenues across the full equipment lifecycle. As electricity demand accelerates—driven by AI, electrification and grid constraints—INNIO enables scalable, behind‑the‑meter power generation with high efficiency, fast start capability, strong transient performance, and fuel flexibility, including hydrogen‑ready solutions. Headquartered in Munich, Germany, INNIO employs over 5,000 people worldwide and is committed to moving energy forward.

INNIO Launches Roadshow for Initial Public Offering

INNIO Launches Roadshow for Initial Public Offering

ISTANBUL (AP) — Riot police in Turkey used water cannons on Tuesday to prevent people from gathering to hear a speech by the deposed leader of the country's main opposition party.

Ozgur Ozel and the core leadership of the Republican People’s Party, or CHP, were removed from their posts on Thursday by a court order that many people consider to be politically motivated.

Ozel had intended to address supporters on Tuesday in the western Turkish city of Izmir, but those heading to the city's Cumhuriyet Square found their way blocked by steel barriers and riot police.

Pro-opposition broadcaster Halk TV showed many of the largely middle-aged crowd being soaked by water cannon as they tried to reach the square. Local media also reported that police deployed pepper spray.

The political crisis was sparked last week when an appeals court in Ankara overturned a 2023 party congress vote that appointed Ozel as CHP leader. The court decision replaced him with his predecessor, Kemal Kilicdaroglu, sparking outrage among party supporters.

Ozel, 51, succeeded the 77-year-old Kilicdaroglu after 13 years of mostly ineffective opposition to President Recep Tayyip Erdogan.

The court case, which centered on irregularities in the congress vote, is seen by the president’s critics as the latest legal attack on the CHP, during which waves of elected officials and party members have been imprisoned.

Following the court ruling, Ozel and his supporters barricaded themselves inside the CHP headquarters in Ankara. Police stormed the building on Sunday, firing plastic pellets and pepper spray in a violent end to the standoff.

Ozel, who has vowed to take the struggle to the streets, said on arriving in Izmir that he would “go wherever the people are waiting.” He later arrived at Cumhuriyet Square before walking to another nearby square where he delivered a speech to thousands of cheering supporters.

The confrontation in Izmir — Turkey’s third-largest city and traditionally a CHP stronghold — came a day ahead of the official Eid al-Adha holiday, although many people had also taken Monday and Tuesday off work.

In a televised Eid message, Erdogan said he hoped the vacation would be “an occasion for hearts to soften, for those who are estranged to reconcile, for grievances to be resolved.”

The CHP is level with the ruling Justice and Development Party, or AKP, in most recent opinion polls and although the next election is not due until 2028, many expect Erdogan to push for early elections.

Ozel delivered a serious blow to the AKP in the 2024 municipal elections, strengthening the opposition’s grip on key cities it had won five years earlier, including Istanbul and Ankara.

The CHP mayor of Istanbul, Ekrem Imamoglu, emerged as the likeliest challenger to Erdogan, who has ruled Turkey since 2003, in the next presidential poll. But he has been imprisoned since March last year as he faces several criminal cases that could see him sentenced to decades behind bars.

Many observers have said the legal cases against the CHP — mostly centered on corruption allegations — are aimed at neutralizing the party. The government insists that Turkey’s courts are impartial and act independently of political pressure.

Police use water cannon to disperse supporters of Turkey's main opposition Republican People's Party (CHP) in Izmir, Turkey, Tuesday, May 26, 2026, during a rally in support of party's deposed leader Ozgur Ozel. (AP Photo/Erdem Sahin)

Police use water cannon to disperse supporters of Turkey's main opposition Republican People's Party (CHP) in Izmir, Turkey, Tuesday, May 26, 2026, during a rally in support of party's deposed leader Ozgur Ozel. (AP Photo/Erdem Sahin)

Police scuffle with supporters of Turkey's main opposition Republican People's Party (CHP) in Izmir, Turkey, Tuesday, May 26, 2026, during a rally in support of party's deposed leader Ozgur Ozel. (AP Photo/Erdem Sahin)

Police scuffle with supporters of Turkey's main opposition Republican People's Party (CHP) in Izmir, Turkey, Tuesday, May 26, 2026, during a rally in support of party's deposed leader Ozgur Ozel. (AP Photo/Erdem Sahin)

Police use water cannon to disperse supporters of Turkey's main opposition Republican People's Party (CHP) in Izmir, Turkey, Tuesday, May 26, 2026, during a rally in support of party's deposed leader Ozgur Ozel. (AP Photo/Erdem Sahin)

Police use water cannon to disperse supporters of Turkey's main opposition Republican People's Party (CHP) in Izmir, Turkey, Tuesday, May 26, 2026, during a rally in support of party's deposed leader Ozgur Ozel. (AP Photo/Erdem Sahin)

Police use water cannon and pepper spray to disperse supporters of Turkey's main opposition Republican People's Party (CHP) in Izmir, Turkey, Tuesday, May 26, 2026, during a rally in support of party's deposed leader Ozgur Ozel. (AP Photo/Erdem Sahin)

Police use water cannon and pepper spray to disperse supporters of Turkey's main opposition Republican People's Party (CHP) in Izmir, Turkey, Tuesday, May 26, 2026, during a rally in support of party's deposed leader Ozgur Ozel. (AP Photo/Erdem Sahin)

Police use water cannon to disperse supporters of Turkey's main opposition Republican People's Party (CHP) in Izmir, Turkey, Tuesday, May 26, 2026, during a rally in support of party's deposed leader Ozgur Ozel. (AP Photo/Erdem Sahin)

Police use water cannon to disperse supporters of Turkey's main opposition Republican People's Party (CHP) in Izmir, Turkey, Tuesday, May 26, 2026, during a rally in support of party's deposed leader Ozgur Ozel. (AP Photo/Erdem Sahin)

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