Quick Take
Hygo Energy Transition (HYGO) has filed to raise $450 million in an IPO of its common stock, according to an F-1 registration statement.
The firm builds and operates liquified natural gas [LNG] infrastructure in Brazil and other regions.
HYGO has a promising future as Brazil’s market deregulates and the use of LNG increases worldwide, but the IPO is very highly priced, so I'll watch it from the sidelines.
Company & Technology
Hamilton, Bermuda-based Hygo was founded to provide integrated downstream LNG facilities in Brazil, with an eye to expanding beyond