Genneia SA, an Argentine electricity producer, has filed to go public in New York, submitting a prospectus that seeks approval to list Class B common shares as American Depositary Shares on the New York Stock Exchange with the symbol GENN. The company said the proposed transaction would be the first IPO from Argentina in the United States since at least 2019, based on compiled market data.
According to the registration statement, Genneia reported gross installed capacity of 2,128 megawatts as of the prospectus date. That capacity comprises 1,765 megawatts from wind and solar assets and 363 megawatts from thermal generation.
The filing highlights recent additions to the company’s renewable portfolio. Genneia brought its San Rafael and Lincoln solar projects into commercial operation in May 2026, adding 180 megawatts and 20 megawatts respectively, and placed the 129-megawatt San Juan Sur solar plant into service in June 2026.
On the financial side, the prospectus reports that for the three-month period ended March 31, 2026, Genneia recorded revenues of $96.4 million and net income of $7.9 million. For the twelve months ended March 31, 2026, the company reported revenues of $376.8 million and net profit of $97.2 million.
The global offering is being underwritten by a syndicate that includes Morgan Stanley, BTG Pactual, BofA Securities, J.P. Morgan and Latin Securities. The structure described in the filing calls for an international offering alongside a concurrent public offering in Argentina. Genneia has also applied to list its Class B shares on Bolsas y Mercados Argentinos in Argentina under the same symbol, GENN.
The prospectus filing initiates the regulatory process required for a U.S. listing and outlines the company’s capacity mix, recent project additions and reported financial performance through March 31, 2026. Beyond the details included in the registration statement, the filing does not provide outcomes for the offering or subsequent trading performance.
Contextual note - The information in this report reflects the figures and project statuses disclosed in Genneia’s prospectus and the financial periods specified in that filing through March 31, 2026.