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LNG exporter Venture Global slashes IPO price range
Venture Global closes below IPO price in disappointing debut despite Trump's support of LNG industry
"The Trump administration has made very clear they support growing LNG exports," Venture CEO Mike Sable told CNBC in an interview Friday.
LNG exporter Venture Global dips below IPO price in its trading debut
The energy company raised $1.75 billion by pricing 70 million shares at $25, the middle of its reduced $23 to $27 price range.
LNG Exporter Venture Global Stock Trades Below IPO Price in Debut
Shares of liquefied natural gas exporter Venture Global debuted Friday below their initial public offering price of $25 per share.
LNG Exporter Venture Global Raises $1.75 Billion in US IPO
Venture Global is the second-largest exporter of liquefied natural gas, or LNG, in the United States, and one of Trump's first moves after his inauguration was to sign an executive order to end a moratorium on new LNG export permits, which clears an obstacle to Venture Global's expansion plan.
LNG exporter Venture Global slashes IPO price range despite President Trump’s pro-energy push
Venture Global is now seeking a more reasonable valuation of about $65 billion, versus earlier plans for about $110 billion.
Venture Global Slices Target Price as Year's First Big IPO Stumbles
Venture Global and the bankers helping to take it public hoped to capitalize on President Trump’s pro-oil-and-gas agenda. Instead, the gas exporter met pushback from prospective investors, and slashed its target price by more than one-third Wednesday.
Investors balked at Venture Global's earnings outlook before IPO price cut
Venture Global LNG was forced to nearly halve the valuation it is seeking in its U.S. initial public offering (IPO) after investors balked at the company's estimated long-term profit for liquefying gas for export,
Venture Global Slashes IPO Price Range by More Than 40%
Venture Global Inc. slashed the marketed range for its initial public offering, lowering the market value it could fetch.
Venture Global Shrinks Its IPO. Trump Can Only Do So Much.
The Virginia company operates two liquefied natural gas plants near the Gulf of Mexico that send LNG around the world.
LNG exporter Venture Global cuts target valuation for US IPO to $65.3 billion
Venture Global LNG on Wednesday slashed the valuation it sought from a U.S. initial public offering to $65.33 billion, significantly lower than the initial target of $110 billion.
Venture Global LNG reportedly considering lowering US IPO price range
The company plans to increase its share offering from 50 million to up to 62 million in its potential New York flotation.
15h
Exclusive: Japan's JERA plans to expand US LNG purchases to diversify energy supply
Japan's biggest top LNG buyer, JERA, plans to increase its purchases of liquefied natural gas from the United States to ...
1d
LNG Freight Rates Plunge to Record-Low Levels as Vessels Pile up
Liquefied natural gas shipping costs are plummeting as the market grapples with a glut of vessels, a development that could ...
2d
LNG tankers change course to Europe as gas storage levels drop
Europe is increasingly reliant on its ability to attract LNG following the loss of Russian gas through Ukraine, as it ...
15h
Louisiana's Argent LNG sets deal with government of Bangladesh
Argent LNG, which is developing a 25 million metric tonnes per annum (MTPA) LNG facility in Louisiana, has signed a ...
13h
EU Unlikely to Rely on Sanctions to End Russian LNG Imports
The European Union is unlikely to propose phasing out Russian liquefied natural gas as part of a new package of sanctions ...
Ukrainska Pravda on MSN
12h
EU unlikely to include Russian LNG in new sanctions package, Bloomberg reports
The European Union is unlikely to propose a gradual phase-out of Russian liquefied natural gas (LNG) as part of its new ...
E&E
1d
Trump order boosts LNG project off Louisiana
One of the president’s executive orders offers a new path for getting a gas development across the finish line.
11h
on MSN
New US LNG Supply Will Take Time To Start, Exxon Says
New supplies of liquefied natural gas take time to develop, and significant new capacity will only start kicking in over the ...
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