Innio IPO Said to End Over 20 Times Oversubscribed

Innio Holding GmbH’s upsized initial public offering attracted demand for around 20 times the available shares, according to people familiar with the matter.

• Allocations to the Advent-backed distributed energy provider’s offering were concentrated with the 10 biggest investors taking 50% of the shares, the people said
  • Biggest 25 investors in the offering took 70% of the shares: people
• Representatives for Innio and Advent didn’t immediately respond to request for comment
  • READ MORE: Power Equipment Firm Innio Rises 15% After $2.43 Billion IPO
• Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley are among the banks who worked ...