Genneia has initiated the process to list on Wall Street after submitting the F-1 form to the SEC. The company aims to conduct a initial public offering (IPO) to raise funds and accelerate its investment plans.
The leading operator of renewable energy in Argentina could become the first company with operations focused in the country to debut on the U.S. market after nearly a decade without new placements of this kind.
How Genneia's entry to Wall Street will be
The company formally submitted the prospectus to the Securities and Exchange Commission (SEC) of the United States to advance with its initial public offering (IPO).
The process is led by the company's president, Jorge Brito, and includes a simultaneous global offering.
Under this scheme, international investors will be able to trade through American Depositary Shares (ADS) on the New York Stock Exchange (NYSE) with the symbol "GENN", while in the Argentine market, Class B ordinary shares will be traded on Bolsas y Mercados Argentinos (BYMA).
The preliminary prospectus, initially submitted confidentially at the end of 2025, combines a primary issuance aimed at raising new funds and a secondary sale by current shareholders.
What is needed for the stock market debut
The international placement will be coordinated by Morgan Stanley and BTG Pactual, along with J.P. Morgan, BofA Securities, and Latin Securities.
So far, the price range, the number of shares to be issued, and the debut date have not yet been defined, as these details depend on the SEC review process.
What economic results Genneia showed
The company reported revenues of US$376.8 million and a net profit of US$97.2 million during the last twelve months ending March 31, 2026.
Additionally, it reported a turnover of US$96.4 million during the first quarter of 2026.
Its business model relies on long-term power supply contracts (PPA) denominated in dollars.
These agreements include contracts under the state program RenovAr with CAMMESA and private contracts with large industrial users within the MATER market.
