Esentia Energy Systems Launches Global IPO

Esentia Energy Systems announced the launch of its global initial public offering (IPO) of 224 million ordinary shares, divided equally between international and Mexican markets.

The offering includes 112 million shares offered internationally in transactions exempt from registration under the US Securities Act of 1933, and 112 million shares in Mexico, authorized by the National Banking and Securities Commission (CNBV) and listed on the Mexican Stock Exchange under the ticker symbol “ESENTIA.”

Esentia plans to sell 186 million shares as part of the offering, while one of its shareholders will sell 38 million shares. The company expects to raise approximately US$610 million based on the midpoint of the indicative price range, set between US$2.7 and US$3.9 per share.

As part of the transaction, Esentia and certain shareholders intend to grant underwriters a 30-day option to purchase up to 33.6 million additional shares at the offering price. The shares will be registered in the National Securities Registry maintained by the CNBV.

The company clarified that the press release does not constitute an offer to sell or a solicitation to buy the securities in any jurisdiction where such actions would be unlawful before proper registration or qualification. The shares are not registered under the US Securities Act and will be offered only to qualified institutional buyers under Rule 144A and to non-US persons under Regulation S.

Founded more than 20 years ago, Esentia Energy Systems is one of Mexico’s main players in the natural gas sector, focused on transportation and commercialization. The company operates Mexico’s largest interconnected natural gas system, supplying gas from Waha, Texas, through central Mexico and to key industrial regions.