Argentine power producer Genneia SA is gearing up for a New York initial public offering (IPO), with plans to list as early as the first quarter of 2026. This move would represent the first IPO from Argentina in the United States since at least 2019, according to Bloomberg data.
The company, a leading renewable energy platform in Argentina, operates power plants with a capacity of 1.8 gigawatts, primarily utilizing wind and solar energy. Genneia has recently completed a high-yield notes offering, selling $310 million in 7.750% Senior Notes due 2033 and an additional $90 million in a concurrent private placement with development finance institutions, the proceeds of
