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Argentine power producer Genneia SA is preparing an initial public offering in New York for as soon as the first quarter of 2026, according to people familiar with the matter.
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President Javier Milei’s resounding win in Argentina’s midterm elections last month has opened a new window for corporate access to global capital markets. A swath of companies have sold bonds in the past few weeks, and Genneia would be the first IPO from the country in the US since at least 2019, according to data compiled by Bloomberg.
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Genneia runs power plants with capacity to produce 1.8 gigawatts, most of it renewable wind and solar energy. Its management team is preparing paperwork for the New York IPO with a view to listing in the first quarter, though it could take longer, said the people, who weren’t authorized to discuss private deliberations.
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Genneia declined to comment.
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Argentina’s energy, utility and financial sectors have the most companies seeking to IPO after Milei’s midterm win has renewed investor optimism in the country’s outlook, according to Javier Huici, audit lead partner at EY Argentina.
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“In 2025, several companies began preparing to open their capital to the market through initial public offerings,” says Huici. “Many of these plans had been put on hold amid election uncertainty, but they’ve now been revived in the post-election landscape.”
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The wave of New York equity offerings would be the first since the government of Mauricio Macri, who briefly wooed investors with a business-friendly agenda before an economic crisis ended his presidency and the door to Argentine corporate finance in the US closed just as quickly.
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English (US)