INNIO Group Holding surged nearly 20% on its IPO, reflecting strong demand and a robust order backlog. INNIO's order intake exceeds $6 billion annualized, driven by data center demand, outpacing its current $2.64 billion revenue base. Valuation is demanding, with shares trading at over 6x sales and mid-50s earnings multiples, pricing in much of the good news.
INNIO Group: Pick And Shovel Play In The Datacenter Boom
Source: Seeking Alpha