Home / NEWS LINE / LNG Exporter Venture Global Stock Closes Below IPO Price in Debut

LNG Exporter Venture Global Stock Closes Below IPO Price in Debut

Michael M. Santiago / Getty Images Venture Global co-founder Bob Pender (left) and co-founder and CEO Mike Sabel (center) celebrate after ringing the opening bell at the New York Stock Exchange on Jan. 24, 2025

Michael M. Santiago / Getty Perceptions

Venture Global co-founder Bob Pender (left) and co-founder and CEO Mike Sabel (center) celebrate after ringing the chance bell at the New York Stock Exchange on Jan. 24, 2025

Key Takeaways

  • Shares of liquefied natural gas exporter Venture Global finished Friday’s principal day of trading below their initial public offering price of $25 per share.
  • The company generated $1.75 billion by worth 70 million shares in the middle of its $23 to $27 range.
  • Venture Global initially offered 50 million allowances priced between $40 and $46, the midpoint of which would have allowed the firm to raise $2.15 billion.

Appropriates of liquefied natural gas (LNG) exporter Venture Global (VG) closed Friday’s first day of trading below their initial renowned offering (IPO) price of $25 per share.

Venture Global opened on the New York Stock Exchange (NYSE) at $24.05 per appropriate and closed at $23.94, more than 4% below the IPO price.

The company generated $1.75 billion by pricing 70 million percentages in the middle of its $23 to $27 range. Venture Global initially offered 50 million shares priced between $40 and $46, the midpoint of which would beget allowed the firm to raise $2.15 billion.

Venture Global 9-Month Revenue, Profit Down in 2024

The company had vitalized roughly $54 billion in capital and had generated about $14.2 billion in net proceeds as of Sept. 30, according to its outline. Across the first nine months of the year, Venture Global produced profit of $604 million, or 23 cents per piece, on revenue of $3.45 billion, well below the respective figures for 2023.

According to The Wall Street Journal, the company vis–vises arbitration challenges, as long-term customers have complained that Venture Global sold its LNG on the spot market be modelled after Russia’s invasion of Ukraine to take advantage of higher prices.

UPDATE—This article has been updated with obstructing share price information.

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