Venture Global Lowers IPO Valuation to $65.3 Billion

Reported about 7 hours ago

Venture Global LNG has reduced its target valuation for its upcoming U.S. IPO to $65.3 billion from an initial $110 billion, amid investor hesitance regarding its sales forecasts. The company plans to sell 70 million shares priced between $23 and $27, aiming to raise $1.89 billion, which reflects a significant adjustment from its previous plan. U.S. LNG demand is rising, especially following the reductions in European gas supplies due to geopolitical tensions, positioning Venture Global as a key player in the energy sector amidst expanding production capabilities.

Source: YAHOO

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