From Buenos Aires Times · David Feliba & Jonathan Gilbert, Bloomberg · · 1m 10s
Argentina's US IPO Plans Delayed
Argentina's US IPO revival stalls as market rout chills debuts.
In brief
Argentina's US IPO revival stalls as market rout chills debuts. Two Argentine energy companies have delayed US initial public offerings due to market turmoil and investor anxiety ahead of President Milei's re-election. Originally reported by Buenos Aires Times.
IPO Plans on Hold
Two Argentine energy companies have put US initial public offerings on hold until at least 2027.
Genneia SA Delayed
Renewable-energy producer Genneia SA has suspended its New York listing plans until 2027 due to sell-off in Argentine assets.
YPF Luz Shelved
Power producer YPF Luz's planned offering was shelved after controlling shareholder agreed to buy out minority investor.
Market Turmoil
Argentine stocks and bonds tumbled as global market retreat from riskier assets and election anxiety dampen investor appetite.
S&P Merval Drop
The benchmark S&P Merval has fallen almost 30 percent in dollar terms from its June high.
Investor Sentiment
Ezequiel Fernández says companies would sell too cheaply for normalised Argentina scenario without strong stock rebound.
Market Outlook
Argentina's equity market faces prolonged stagnation as investor sentiment deteriorates ahead of 2027 election.
The big picture
Two Argentine energy companies have delayed US initial public offerings due to market turmoil and investor anxiety ahead of President Milei's re-election.
