ProEnergy plans $40–50bn IPO filing with US banks
Officials said the energy-infrastructure firm is preparing a US listing at a $40–50 billion valuation as data‑center power demand rises.
Mateo Fernandez ·
ProEnergy is preparing a US IPO at a $40–50 billion valuation, officials said, a move that would signal rising investor interest in energy to meet data‑center power demand.
Market reaction: Reaction pending.
Morgan Stanley and JPMorgan advising
Officials said Morgan Stanley and JPMorgan are advising on the potential offering and that the valuation range under discussion is about $40–50 billion. Officials said the company’s planning reflects what it describes as growing electricity needs at large data centers, which create demand for dedicated generation and grid services.
Officials said a US listing would aim to tap international capital and provide a benchmark valuation for firms that build and operate grid‑scale capacity for hyperscalers. Officials added that the move could focus investor attention on companies supplying long‑term power contracts, project finance and capacity‑buildout opportunities in the energy sector.
Officials said the IPO process remains at an early stage and that details, including timing and the use of proceeds, are still under discussion. Officials said they aim to file for a US listing by December 31, 2026.