Liquefied natural gas exporter Venture Global has raised $1.75 billion in its initial public offering (IPO), pricing its shares at $25 each, within the expected range. The Arlington, Virginia-based company sold 70 million shares in the offering.
The pricing gives Venture Global a market value of $60.5 billion, based on outstanding shares, falling short of its original $110 billion target. However, when including employee stock options, the company’s fully diluted value exceeds $65 billion.