Innio, the Austrian gas engine maker backed by Advent International and ADIA, targets a $20.25B valuation in a US IPO aiming to raise up to $2.03 billion.

Gas engine manufacturer Innio said on Tuesday it was targeting a valuation of up to $20.25 billion in its U.S. initial public offering, as it looks to tap investor appetite for…

Innio, the Austrian gas engine maker backed by Advent International and ADIA, targets a $20.25B valuation in a US IPO aiming to raise up to $2.03 billion.