Venture Global Shares Indicated About 2% Above IPO Price
Storage tanks at a Venture Global LNG plant in Port Sulphur, Louisiana.
Photographer: Bryan Tarnowski/BloombergThis article is for subscribers only.
Venture Global Inc. shares are indicated to open as much as 2% above their IPO price, after the natural gas exporter raised $1.75 billion in its first-time share sale.
The indicated jump to as much as $25.50 each would give the Arlington, Virginia-based company an undiluted market value of $61.7 billion, based on the number of shares outstanding in an earlier filing. Including employee stock options, the company’s diluted valuation would be more than $68 billion.