The French government has announced plans to spin-off 15% of Electricité de France, one of the largest utilities in the world, to the public markets.
As IPOs go, this is going to be a big one. With over US$50 Bil in revenues, EDF is larger than American heavyweights Duke and AEP combined. As these types of companis typically trade at a bit better than 1x revenues, this could be a massive $7-$10 Billion IPO. IPO Article.
The question for investors is how well a sleepy state owned utility can compete in the EU electric industry for the next 50 years.