Reported 2 days ago
Venture Global's shares debuted nearly 4% below their IPO price, resulting in a valuation of $58.2 billion, despite initial hopes for a blockbuster launch. The Arlington, Virginia-based LNG exporter had previously reduced its valuation by nearly 45% and raised only $1.75 billion instead of the expected $2.3 billion. Investors expressed skepticism about the company's high-target estimates and ongoing legal challenges, as it competes with major players in the energy sector.
Source: YAHOO