COX Abg Group SA (Ticker: COXG SM) is a vertically integrated utility company based in Spain, specializing in energy generation, transmission, and comprehensive water resource management. With a strong focus on renewable energy and large-scale water solutions, COX operates extensive desalination plants in water-scarce regions and renewable energy projects across Latin America, Spain, and Africa, utilizing technologies such as solar, thermal, and biofuels.

The company initially announced its IPO on November 5, 2024, but later adjusted its target on November 13, reducing the offer to EUR 175 million ($187 million) through the sale of 15.37 to 17.1 million shares, priced at EUR 10.23, at the bottom of the updated range of EUR 10.23 to 11.38 ($11.11–$12.37). The listing is scheduled for November 15, 2024, with ALANTRA, JB Capital Markets, Santander, Bank of America, and Citigroup managing the offering. A greenshoe option of 15% (2.4 million shares) is available. Proceeds will support COX Abg's sustainable energy and water infrastructure projects, covering 41% of its capital needs, with remaining financing sourced from cash, debt issuance, or asset sales.