Venture Global Cuts IPO Valuation to $65 Billion After Investor Concerns
The U.S. LNG exporter adjusted its IPO price and share offering following skepticism over its profit forecasts and market valuation.
- Venture Global LNG reduced its IPO valuation target from $110 billion to $65.3 billion after investors questioned its earnings outlook and high initial pricing.
- The company plans to sell 70 million shares at a revised price range of $23 to $27, seeking to raise up to $1.9 billion.
- Investor doubts centered on Venture Global's projected profit margins, which exceeded industry norms, and its comparison to competitor Cheniere Energy.
- Ongoing litigation over LNG delivery contracts and reliance on favorable market conditions add uncertainty to the company's growth projections.
- The IPO aligns with the renewed push for U.S. energy expansion under President Trump's second term, including policies to boost LNG exports.
