The power-generation unit of YPF SA, the state-owned energy company of Argentina, has submitted an application for an initial public offering in the United States, joining a growing pipeline of Argentine companies that are looking to list their shares in New York. According to a statement that was made on Monday with the United States Securities and Exchange Commission, YPF Energia Electrica SA reported a net income of $7.4 million on revenue of 600.8 million dollars in 2025. This is in comparison to the net income of $263 million on revenue of $524.2 million that the company reported the previous year.
BNR Power Investments BV, an investment vehicle that is indirectly owned by General Electric Company and China’s Silk Road Fund, is selling shares in the offering, according to the company that is situated in Buenos Aires. Companies from Argentina are competing to become the country’s first initial public offering in the United States since 2019. A filing to go public was also submitted by the power generator Genneia SA in the state of New York earlier this month.
As worldwide coordinators for the offering, Goldman Sachs Group Inc., Bank of America Corp., and Citigroup Inc. are functioning in this capacity. BNP Paribas, Itaú BBA, JPMorgan Chase & Co., and Banco Santander SA are all contributing to the bookrunners of the event. Additionally, it is anticipated that the shares would be traded on the New York Stock Exchange under the ticker symbol YLUZ.