Venture Global IPO Marks Largest LNG Debut Despite Lowered Valuation
The LNG exporter raised $1.75 billion in its public offering, debuting at a $60.5 billion valuation after scaling back initial targets.
- Venture Global's IPO, the largest ever for an LNG company, raised $1.75 billion by selling 70 million shares at $25 each, below its original target price range.
- The company's valuation was reduced from an initial $110 billion target to $60.5 billion due to investor concerns over long-term profitability and ongoing legal disputes.
- Venture Global's market debut coincides with President Trump's executive order reversing a pause on LNG export permits, signaling a pro-energy policy shift.
- The company faces arbitration challenges with major clients over contract disputes related to its Calcasieu Pass facility, which is still in its commissioning phase.
- Despite a subdued debut, Venture Global remains one of the largest U.S.-listed energy companies, reflecting growing global demand for LNG and its ambitious expansion plans.