EDF is Going Public

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.

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