GE Vernova LLC Files S-1 Registration Statement

TL;DR

<b>GE Vernova LLC has filed an S-1 registration statement for its proposed public offering.</b>

AI Summary

GE Vernova LLC (GEV) filed a IPO Registration (S-1) with the SEC on March 13, 2024. GE Vernova LLC, a Delaware-based company, has filed an S-1 registration statement with the SEC. The filing indicates the company's principal executive offices are located at 58 Charles Street, Cambridge, MA. The company's IRS Employer Identification No. is 461480316. The filing is made under the Securities Act of 1933, with SEC file number 333-277900. GE Vernova LLC is classified under Standard Industrial Classification code 3600 (Electronic & Other Electrical Equipment).

Why It Matters

For investors and stakeholders tracking GE Vernova LLC, this filing contains several important signals. This S-1 filing is a prerequisite for GE Vernova's initial public offering (IPO), allowing it to offer its securities to the public. The filing provides detailed information about the company's business, financial condition, and management, which is crucial for potential investors to assess the offering.

Risk Assessment

Risk Level: low — GE Vernova LLC shows low risk based on this filing. The filing is a standard S-1 registration statement, indicating a preliminary step towards an IPO rather than immediate financial performance or market events.

Analyst Insight

Monitor future filings for details on the IPO pricing, share allocation, and the company's financial performance post-listing.

Key Numbers

• 333-277900 — SEC File Number (Registration Statement No.)
• 461480316 — IRS Employer Identification No. (Registrant's IRS Number)
• 3600 — SIC Code (Standard Industrial Classification)
• 1231 — Fiscal Year End (Registrant's Fiscal Year End)
• 03/13/2024 — Filing Date (Date of filing with SEC)

Key Players & Entities

• GE Vernova LLC (company) — Registrant
• Delaware (jurisdiction) — State of Incorporation
• 461480316 (identifier) — IRS Employer Identification No.
• 3600 (identifier) — Standard Industrial Classification Code
• 58 Charles Street, Cambridge, MA (address) — Principal executive offices
• 333-277900 (identifier) — SEC File Number
• Rachel Gonzalez (person) — Agent for service
• Paul, Weiss, Rifkind, Wharton & Garrison LLP (company) — Legal counsel

FAQ

Industry Context

GE Vernova operates in the energy sector, providing products and services for power generation, grid, and renewables.

Regulatory Implications

The S-1 filing is a regulatory requirement under the Securities Act of 1933 for companies planning to offer securities to the public.

What Investors Should Do

1. Review the full S-1 filing for detailed financial statements and business descriptions.
2. Track subsequent SEC filings (amendments to S-1, prospectuses) for IPO pricing and details.
3. Analyze the company's business strategy and competitive landscape as outlined in the filing.

Key Dates

• 2024-03-13: S-1 Filing — Registration statement filed with the SEC, marking a step towards an IPO.

Year-Over-Year Comparison

This is the initial S-1 filing for GE Vernova LLC, indicating the commencement of its registration process for a public offering.

Key Financial Figures

• $116 billion — ce obligation, a measure of backlog) of $116 billion at the end of 2023, or $75 billion, was
• $75 b — of $116 billion at the end of 2023, or $75 billion, was for services, with a signifi
• $265 billion — sable market we serve was approximately $265 billion in 2022. Overall, industry experts cons
• $1.4 — and end-use sectors will increase from $1.4 trillion per year in recent years to mo
• $2.4 — n per year in recent years to more than $2.4 trillion per year in the 2030s. We serv

Filing Documents

• d783090ds1.htm (S-1) — 3039KB
• d783090dex231.htm (EX-23.1) — 1KB
• d783090dex991.htm (EX-99.1) — 3KB
• d783090dex992.htm (EX-99.2) — 3KB
• d783090dex993.htm (EX-99.3) — 3KB
• d783090dex994.htm (EX-99.4) — 3KB
• d783090dex995.htm (EX-99.5) — 3KB
• d783090dex996.htm (EX-99.6) — 3KB
• d783090dex997.htm (EX-99.7) — 3KB
• d783090dex998.htm (EX-99.8) — 3KB
• d783090dexfilingfees.htm (EX-FILING FEES) — 17KB
• g783090g01d73.jpg (GRAPHIC) — 272KB
• g783090g03b48.jpg (GRAPHIC) — 178KB
• g783090g03p35.jpg (GRAPHIC) — 33KB
• g783090g04o57.jpg (GRAPHIC) — 122KB
• g783090g08a52.jpg (GRAPHIC) — 74KB
• g783090g16a01.jpg (GRAPHIC) — 37KB
• g783090g19a01.jpg (GRAPHIC) — 154KB
• g783090g20v25.jpg (GRAPHIC) — 174KB
• g783090g25a31.jpg (GRAPHIC) — 136KB
• g783090g26a32.jpg (GRAPHIC) — 91KB
• g783090g26a33.jpg (GRAPHIC) — 88KB
• g783090g28j66.jpg (GRAPHIC) — 85KB
• g783090g30h35.jpg (GRAPHIC) — 114KB
• g783090g30w23.jpg (GRAPHIC) — 82KB
• g783090g32a01.jpg (GRAPHIC) — 110KB
• g783090g32n22.jpg (GRAPHIC) — 72KB
• g783090g33p06.jpg (GRAPHIC) — 114KB
• g783090g34a01.jpg (GRAPHIC) — 153KB
• g783090g35p03.jpg (GRAPHIC) — 38KB
• g783090g40h50.jpg (GRAPHIC) — 73KB
• g783090g43p43.jpg (GRAPHIC) — 147KB
• g783090g45t67.jpg (GRAPHIC) — 181KB
• g783090g52j98.jpg (GRAPHIC) — 115KB
• g783090g80z50.jpg (GRAPHIC) — 49KB
• g783090g81t28.jpg (GRAPHIC) — 86KB
• g783090g88g88.jpg (GRAPHIC) — 100KB
• g783090g93l38.jpg (GRAPHIC) — 105KB
• g783090g95g01.jpg (GRAPHIC) — 67KB
• g783090g99m11.jpg (GRAPHIC) — 93KB
• 0001193125-24-066951.txt (&nbsp;) — 7406KB

Risk Factors

Risk Factors 25 Cautionary Statement Concerning Forward-Looking Statements 62 The Spin-Off 64

Use of Proceeds

Use of Proceeds 68 Dividend Policy 69 Capitalization 70 Unaudited Pro Forma Condensed Combined Financial 71

Managements Discussion and Analysis of Financial Condition and Results

Managements Discussion and Analysis of Financial Condition and Results of Operations 81 Our Industry 108 Our Business 120 Management 157 Director Compensation 166

Executive Compensation

Executive Compensation 167

Security Ownership of Certain Beneficial Owners and

Security Ownership of Certain Beneficial Owners and Management 187 Certain Relationships and Related Person Transactions 189 Description of Our Capital Stock 197 Plan of Distribution 201 Description of the GE Vernova Retirement Savings Plan 202 Certain Legal Matters 214 Experts 215 Where You Can Find More Information 216 Index to Combined Financial Statements F-1 Table of Contents TRADEMARKS AND COPYRIGHTS GE and the GE Monogram Logo are trademarks of the General Electric Company. Logos, trademarks, service marks, trade names, and copyrights referred to in this prospectus belong to us or are licensed for our use. Solely for convenience, we refer to our intellectual property (IP) assets in this prospectus without the , &reg; , and &copy; symbols, but such references are not intended to indicate that we will not assert, to the fullest extent under applicable law, our rights to our intellectual property assets. Other logos, trademarks, service marks, trade names, and copyrights referred to in this prospectus are the property of their respective owners. INDUSTRY INFORMATION This prospectus contains various historical and projected information concerning our industry, the markets in which we participate, and our positions in these markets. Some of this information is from industry publications and other third-party sources, and other information is from our own analysis of data received from these third-party sources, our own internal data, and market research that our management team commissions for our own evaluations and planning. All of this information involves a variety of assumptions, limitations, and methodologies and is inherently subject to uncertainties, and therefore you are cautioned not to give undue weight to these estimates. All references to the information published by the IEA refer to information contained in the International Energy Agency, World Energy Outlook 2023. NON-GAAP FINANCIAL DATA All financial

View Full Filing

View this S-1 filing on SEC EDGAR