Argentina’s US IPO Revival Stalls as Market Rout Chills Debuts

EXCLUSIVE Argentina’s US IPO Revival Stalls as Market Rout Chills Debuts Two Argentine energy companies have put plans for US initial public offerings this year on hold, dealing a blow to hopes of reviving the country’s long-dormant market for New York stock listings as a rout in local assets and global market turmoil dampen investor appetite. Renewable-energy producer Genneia SA has put its plans for a New York listing on hold until at least 2027 as a selloff in Argentine assets weighs on its potential valuation, according to people familiar with the matter. Power producer YPF Luz’s planned offering has been shelved after its controlling shareholder agreed to buy out a minority investor whose exit had been a key driver of the IPO.