Central Puerto S.A. (CEPU) Announces February 2nd IPO

Central Puerto S.A. (CEPU) expects to raise $692 million in an IPO on Friday, February 2nd, IPO Scoop reports. The company plans to issue 35,500,000 shares at $17.50-$21.50 per share.

In the last year, Central Puerto S.A. generated $376.9 million in revenue and $116.7 million in net income.

BofA Merrill Lynch, JP Morgan and Morgan Stanley acted as the underwriters for the IPO.

Central Puerto S.A. provided the following description of their company for its IPO: “(Note: “This is a public offering of our shares of common stock (not an IPO). Our common shares are listed on the Bolsas y Mercados Argentinos S.A. (the “BYMA”) under the symbol “CEPU”. On January 17, 2018, the last reported sales price of our common shares on the BYMA was Ps.45.50 per common share (equivalent to approximately US$24.14 per ADS based on the exchange rate on such date). Trading dates back to 2012.) We are the largest private sector power generation company in Argentina, as measured by generated power, according to data from CAMMESA. We have a generation asset portfolio that is geographically and technologically diversified. Our facilities are distributed across the City of Buenos Aires and the provinces of Buenos Aires, Mendoza, Neuquén and Río Negro. “.

Central Puerto S.A. was founded in 2016 and has 738 employees. The company is located at Avenida Thomas Edison 2701, C1104BAB Buenos Aires, Republic of Argentina and can be reached via phone at +54 (11) 4317-5000 or on the web at http://www.centralpuerto.com.

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