Argentina IPO Pipeline Grows as YPF Power Unit Files For US Listing
(Bloomberg) -- The power-generation unit of Argentina’s state-run energy firm YPF SA has filed for a US initial public offering, joining a growing pipeline of Argentine companies seeking New York listings.
YPF Energia Electrica SA posted net income of $7.4 million on revenue of $640.8 million in 2025, versus net income of $263 million on revenue of $524.2 million a year earlier, according to a filing Monday with the US Securities and Exchange Commission.
The Buenos Aires-based firm said BNR Power Investments BV, an investment vehicle indirectly owned by General Electric Co. and China’s Silk Road Fund, is selling shares in the offering.
Argentine companies are vying to become the country’s first IPO in the US since 2019. Earlier this month, power producer Genneia SA also filed to go public in New York.
Goldman Sachs Group Inc., Bank of America Corp. and Citigroup Inc. are serving as global coordinators for the offering. BNP Paribas, Itaú BBA, JPMorgan Chase & Co. and Banco Santander SA are joint bookrunners. The shares are expected to trade on the New York Stock Exchange under the ticker YLUZ.
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