INNIO Announces Pricing of Upsized Initial Public Offering

MUNICH--(BUSINESS WIRE)--Jun 3, 2026--

INNIO Group ("INNIO"), a leading global distributed energy solutions provider, today announces the pricing of its upsized initial public offering (the “IPO”) of 90,000,000 common shares at a public offering price of $27.00 per share. The 90,000,000 share offering represents a 15,000,000 share upsize to the originally proposed 75,000,000 share offering. The offering consists entirely of secondary shares to be sold by the sole selling shareholder. INNIO is not offering any common shares in the proposed offering and will not receive any proceeds from the proposed sale of the shares.

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The shares are expected to begin trading on the Nasdaq Global Select Market under the ticker symbol "INIO” on June 4, 2026. The offering is expected to close on June 5, 2026, subject to customary closing conditions. In addition, the selling shareholder granted the underwriters an option to purchase up to an additional 13,500,000 common shares from the selling shareholder at the IPO price, less underwriting discounts and commissions.

Goldman Sachs & Co. LLC, J.P. Morgan and Morgan Stanley (in alphabetical order) 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.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on June 3, 2026. The proposed offering is being made only by means of a prospectus. Copies of the final prospectus related to the proposed offering, when available, may be obtained from:

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.

Certain statements contained in this press release constitute forward-looking statements, including with respect to the closing of the 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 Announces Pricing of Upsized Initial Public Offering

Police still had no suspects in custody Sunday after a weekend shooting near an Ohio street festival wounded 12 people and sent attendees scrambling for cover in a busy Toledo neighborhood.

Toledo Deputy Police Chief Joe Heffernan said it appeared that at least two people fired weapons on Saturday near the Old West End Festival and were “probably shooting at each other."

Authorities say a search for the the shooters was ongoing and had not identified any potential suspects. They urged festivalgoers to come forward with any photos or videos.

“As far as violence, this is over the top, right?” Toledo police Lt. Dan Gerken said. “Twelve people being shot, that’s the most I’ve been to a scene. I’ve been to a lot of scenes, but this is way over the top.”

Hundreds of people were at the festival, an annual two-day celebration in Toledo’s historic district that includes live music, food vendors, home tours and shopping.

The remainder of the festival was canceled Sunday. Organizers said “it would not be compassionate, responsible or possible to continue.”

“We are heartbroken about those that were injured at the Old West End Festival,” the festival said in a statement.

Two of the victims were in critical condition on Saturday, Heffernan said. The ages of the victims ranged from 14 to 61, with most of them in their early 20s.

Multiple videos posted to social media showed people running amid the sound of gunshots and emergency officials tending to others who appeared wounded.

Fire Chief Allison Armstrong said it was difficult to get to the hospital due to closed roads and traffic from people leaving the festival, but emergency responders were able to transport all patients from the scene within an hour.

Kevin Berry was sitting in the neighborhood arboretum listening to live music with friends when he heard a handful of gunshots ring out.

“Everybody hit the deck,” he said.

When Berry looked back up, he saw a gun being tossed to the ground less than 50 feet (15 meters) away from him. Officers who were already on site for the festival responded immediately.

Berry, who has medical training and served in the Navy, walked around looking for anyone who might need help and saw at least five people with gunshot wounds.

“The folks who were hit were spread out around the arboretum area,” he said.

George Kral, the city’s safety director, said the Old West End Festival is one of the most iconic festivals in Toledo.

“And it’s a shame that something like this had to ruin it," Kral said.

Police investigate where multiple people were shot at a community festival at Agnes Reynolds Jackson Arboretum Saturday, June 6, 2026, in Toledo, Ohio. (AP Photo/Paul Sancya)

The Agnes Reynolds Jackson Arboretum is shown where multiple people were shot at a community festival Saturday, June 6, 2026, in Toledo, Ohio. (AP Photo/Paul Sancya)