The General Electric carve-out is looking to raise funds for continued expansion to meet AI-driven data center demand. It is backed by private equity firm Advent International.
An article from
Dive Brief
The General Electric carve-out is looking to raise funds for continued expansion to meet AI-driven data center demand. It is backed by private equity firm Advent International.
Published May 28, 2026
The exterior of Innio's new plant in Tirol, Austria. The gas engine maker is seeking a $20.3 billion U.S. initial public offering to raise funds for continued expansion.
UPDATE 3-Advent, ADIA-backed gas engine maker Innio targets $20.3 billion valuation in US IPO
Innio targets $20.3B valuation in US IPO led by Advent International
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Gas engine manufacturer Innio said on Tuesday it was targeting a valuation of up to $20.25 billion in its U.S. initial public…
Innio, the Austrian gas engine maker backed by Advent International and ADIA, targets a $20.25B valuation in a US IPO aiming to…
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Shanghai-based Nio says proceeds to be used to enhance its development and replenish capital amid a price war.
