Reported 1 day ago
Venture Global LNG has reduced its IPO valuation by nearly 50% following investor hesitations regarding its long-term profitability in liquefying natural gas. With its valuation now at $65 billion, down from $110 billion, the company aims to attract investors to its U.S. LNG offerings amidst ongoing litigation and ambitious expansion plans. The adjusted price range aims to counter doubts about its financial viability compared to larger competitor Cheniere Energy.
Source: YAHOO