YPF Energía Eléctrica S.A., the power generation and distribution arm of Argentina's state-controlled oil company YPF, has initiated proceedings to list its shares on the New York Stock Exchange.
The subsidiary, known as YPF Luz, filed the necessary paperwork with the US Securities and Exchange Commission (SEC) on Sunday, marking a significant step toward a separate public debut in the United States.
The move signals YPF's intent to unlock value from its energy infrastructure assets by exposing them to international investors.
By listing YPF Luz separately, the parent company aims to provide a distinct valuation for its electricity operations, which are critical to Argentina's energy transition and grid stability.
This strategy mirrors broader trends among state-owned enterprises seeking to diversify funding sources and improve corporate governance through public market discipline.
The filing comes shortly after Argentine power producer Genneia SA also submitted an IPO application for the NYSE, positioning itself as potentially the first Argentine company to launch in the US in over seven years.