ERock, which makes natural gas generators for critical facilities, is targeting a valuation of up to US$5 billion in its initial public offering in the United States, it said in a regulatory filing on Monday.
The Houston, Texas-based company is seeking up to $641.9 million by offering 27.9 million shares priced between $20 and $23 apiece.
AI infrastructure-linked companies have been at the centerstage of the U.S. IPO market this year as investors deploy capital into the “picks and shovels” underpinning the technology’s buildout.
Gas engine maker Innio is also poised to go public in New York this week.
Morgan Stanley and J.P. Morgan are joint lead bookrunning managers. ERock will list New York Stock Exchange under the symbol “EROC.”
(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shailesh Kuber)
