Venture Global (VG Proposed), the parent of a U.S.-based producer of liquefied natural gas, unveiled the terms for its $2.2 billion IPO today – Monday, Jan. 13, 2025. The Arlington, Virginia-based company plans to offer 50.0 million shares at a price range of $40.00 to $46.00 to raise $2.15 billion, assuming mid-point pricing at $43.00. (Corrects IPO’s size and mid-point price – IPOScoop regrets the error.)
Venture Global’s IPO would be the first blockbuster IPO of 2025 – with a market cap estimated at $103.18 billion, if the deal is priced at the $43.00 mid-point of its price range.
Venture Global is a New York Stock Exchange listing. Bankers plan to price Venture Global’s IPO next week – on Thursday night, Jan. 23, 2025, to trade Friday, Jan. 24, 2025.
Goldman Sachs, J.P. Morgan and BofA Securities are leading the joint book-running team of 11 investment banks.
Venture Global is developing five natural gas liquefaction and export projects in Louisiana near the Gulf of Mexico, according to the prospectus.
“Each project is designed or is being developed to include an LNG facility and associated pipeline systems that interconnect with several interstate and intrastate pipelines to enable the delivery of natural gas into the LNG facility,” the prospectus said.
Venture Global is not profitable, according to the financial statements in the prospectus. For the 12 months that ended Sept. 30, 2024, Venture Global reported a net loss of $244.0 million on $5.1 billion of revenue. The holding company is incorporated in Delaware.
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