Market Flux Event

Aggreko Files for US IPO on NYSE Under Ticker AGKO at Potential $15 Billion Valuation

Aggreko Inc., the Glasgow-based power generator rental company owned by private equity firms TDR Capital and I Squared Capital, has filed a registration statement with the SEC for a proposed initial public offering of ordinary shares on the New York Stock Exchange under the ticker symbol AGKO. The filing, made on August 24, was submitted on Form F-1, and Aggreko will be classified as a foreign private issuer, qualifying it for reduced public company disclosure requirements. The offering price range has not yet been set.

Prior reporting had indicated the owners were targeting a valuation of roughly $15 billion, with a listing potentially occurring in the second half of this year. Aggreko is one of the world's largest providers of temporary power generation and rental equipment, supplying events including major festivals and industrial projects globally.

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Sources

  1. FirstSquawkAGGREKO HAS FILED FOR A U.S. IPO, APPLYING TO LIST ITS ORDINARY SHARES ON THE NEW YORK STOCK EXCHANGE UNDER THE SYMBOL 'AGKO' - SEC FILING
  2. CNBCTemporary power company Aggreko files to go public on NYSE