Temporary power and energy services company Aggreko has filed with US regulators for a proposed initial public offering (IPO) of its ordinary shares, with plans to list on the New York Stock Exchange under the ticker AGKO.
Goldman Sachs, JPMorgan and BofA Securities are joint lead bookrunners for the offering, alongside a wider group of banks.
The proposed US listing would give Aggreko access to public equity markets as demand for flexible power infrastructure grows, driven by data centres, industrial electrification and increasingly constrained electricity grids.
Aggreko provides temporary and distributed power where permanent grid infrastructure is unavailable or insufficient. The market is becoming increasingly important as customers seek additional capacity while waiting for grid connections and infrastructure upgrades.
The company is seeking to list ordinary shares rather than a depositary instrument, with the NYSE selected as its intended trading venue.
However, the filing marks an early stage in the process rather than the launch of an IPO. Aggreko said the offering remains subject to market and other conditions and that there is no guarantee it will proceed on the proposed terms, or at all.
The company also noted that the registration statement “has not yet become effective” and that its securities cannot be sold before it does.
Aggreko has not disclosed a valuation, number of shares to be offered, price range or timetable. Those details are expected to emerge as the US Securities and Exchange Commission review and investor marketing process progresses.
If completed, the listing would give investors another publicly traded route into the flexible-power market, alongside companies exposed to conventional generation, battery storage and microgrid infrastructure.
