Venture Global’s IPO Flop Worsens as Shares Slump 20% From Debut
The fallout for Venture Global Inc., in the wake of a troubled initial public offering, accelerated amid a market selloff that sapped $12 billion from its valuation on debut.
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.
Venture Global's $58 Billion Market Debut Falls Short of High Expectations
It sold 70 million shares to raise $1.75 billion on Thursday, selling the stock at $25 compared to its offer price of $23 to $27. This was a far cry from its initial plan to raise as much as $2.3 billion by selling at $40 to $46.
LNG Exporter Venture Global Stock Closes Below IPO Price in Debut
Shares of liquefied natural gas exporter Venture Global finished Friday's first day of trading below their initial public offering price of $25 per share.
LNG player Venture Global falls after IPO debut
Venture Global (NYSE:VG) shares fell 4% on Friday following the company's public debut, with the stock opening at $24.05 after pricing its initial public offering (IPO) at $25 per share. The offering price was set at midpoint of the anticipated $23-$27 range,
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 stock sinks on IPO day, indicating lack of investor interest in the LNG exporter
The stock market trading debut comes as incoming President Trump has said he plans to boost America’s energy production.
Venture Global IPO Signals A Return To Normal Order For LNG Exports
Venture Global's IPO represents a test for investor appetite for fossil fuel projects in the Trump administration.
Venture Global’s IPO stumble shows the limits of gassing up a valuation
More generally, markets have a way of recalibrating, and Venture Global’s IPO offers a nuanced lesson. It’s a reminder that valuations aren’t fixed by management or banker decree, but rather hammered ...
Venture Global Stock Drops Below Offering Price. The IPO Could Signal Shift in Energy Investing.
The transaction values the LNG company at $60 billion, instantly making it one of the largest U.S. energy businesses.
Daring Duo: After IPO These LNG Entrepreneurs Are Worth $20 Billion, Each
Even so the deal solidifies Venture Global’s place in the public markets with an impressive $50 billion market cap. And it ...
Venture Global saga undermines IPO recovery hopes
Snag is, Cheniere’s two export terminals are already advanced enough to generate several billion dollars in cash flow, much of which is already flowing in dividends to shareholders. Venture Global is ...
Venture Global’s Stumble Reflects Chilly State of the IPO Market
Venture Global launched its initial public offering with a lofty goal: Raise up to $2.3 billion at a $110 billion valuation ...