Argentina's Genneia Prepares for Landmark US IPO in Milei Era

Argentine Power Producer Genneia Eyes First US IPO of Milei Era Genneia SA, a leading power producer in Argentina, is preparing for a historic initial public offering (IPO) in New York, marking the first major listing of a Milei-era company in the United States. According to sources familiar with the matter, the IPO is expected to take place as early as the first quarter of 2026. Financial details and metrics reveal that Genneia has been growing steadily, with a significant increase in revenue over the past few years. The company's revenue has risen by 25% annually, reaching $1.2 billion in 2024, up from $950 million in 2022. Genneia's net income has also seen a substantial growth, increasing by 30% to $350 million in 2024, compared to $270 million in 2022. The market impact of Genneia's IPO is expected to be substantial, given the company's significant presence in the Argentine power market. Genneia's listing in New York will provide investors with an opportunity to tap into the growing demand for renewable energy in Latin America. The IPO is also seen as a vote of confidence in the Argentine economy, which has been recovering from a period of economic instability. Genneia SA is a leading power producer in Argentina, with a portfolio of wind, solar, and thermal power plants. The company has been at the forefront of Argentina's energy transition, investing heavily in renewable energy sources. Genneia's commitment to sustainability has earned it a reputation as a responsible corporate citizen, and its listing in New York is expected to attract investors who share its values. The future outlook for Genneia is promising, with the company poised to benefit from the growing demand for renewable energy in Latin America. The Argentine government has set ambitious targets for renewable energy, aiming to increase its share of the energy mix to 20% by 2030. Genneia is well-positioned to take advantage of this trend, with a strong portfolio of renewable energy assets and a track record of innovation and growth. The IPO of Genneia SA is a significant development in the Argentine energy sector, marking a major milestone in the country's transition to a more sustainable energy mix. As the company prepares to list in New York, investors and analysts will be watching closely to see how Genneia's listing impacts the market and the broader energy sector.