Power Equipment Firm Innio Rises 23% After $2.43 Billion IPO

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Shares of Innio Holding GmbH gained 23% after the gas engine maker’s biggest shareholders raised $2.43 billion in an initial public offering.

The company’s shares closed at $33.30 on Thursday, compared to the initial public offering price of $27 each. The trading gave the Munich-based company a market value of about $25.5 billion, based on the outstanding shares listed in its filings.

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