Venture Global, Inc. Plans $2.2 Billion IPO for January 24th (VG)

Venture Global, Inc. (VG) expects to raise $2.2 billion in an initial public offering (IPO) on Friday, January 24th, IPO Scoop reports. The company will be issuing 50,000,000 shares at $40.00-$46.00 per share.

In the last year, Venture Global, Inc. generated $5.1 billion in revenue and had a net loss of $244 million. Venture Global, Inc. has a market cap of $2.4 billion.

Venture Global, Inc. provided the following description of their company for its IPO: “We are the holding company of a U.S.-based producer of liquefied natural gas – better known as LNG. (Incorporated in Delaware) We are building and developing five natural gas liquefaction and export projects in Louisiana near the Gulf of Mexico. Details from the prospectus: Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost. We believe supplying this clean, affordable fuel promotes global energy security and is essential to meeting growing global demand. Natural gas is one of the most important resources worldwide and is required to generate reliable electricity that underpins economic development and drives industry. Once natural gas is supercooled to -260°F, it converts to liquid form and reduces to 1/600th of its original volume, enabling large quantities of natural gas to be loaded and shipped by LNG tankers. The resulting LNG can be transported to international markets that lack domestic supply, displacing more carbon intensive sources of energy such as coal, diesel, and heavy fuel oil, and serving as an integral part of a cleaner energy future. We believe our business model has demonstrated that in a competitive commodity market, lower cost and overall faster delivery wins market share. Our approach capitalizes on both of these advantages, supporting significant additional growth opportunities. Our Projects We are commissioning, constructing, and developing five natural gas liquefaction and export projects near the Gulf of Mexico in Louisiana, utilizing our unique “design one, build many” approach. 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. As illustrated by the chart below, our five current projects are being designed to deliver a total expected peak production capacity of 143.8 mtpa, which consists of an aggregate of 104.4 mtpa expected nameplate capacity and an aggregate of 39.4 mtpa of expected excess capacity. These amounts do not account for any potential bolt-on expansion liquefaction capacity. The expected nameplate capacity of our facilities measures the minimum operating performance thresholds guaranteed by the equipment providers, and the expected excess capacity represents the additional LNG that we aim to produce above such guaranteed amounts. Although COD has not yet occurred under the post-COD SPAs for any of our projects, we have been generating proceeds from the sale of commissioning cargos at the Calcasieu Project since the first quarter of 2022, and expect to do so at each of our other projects during commissioning prior to achieving COD for the relevant project or phase of a project. Note: Net loss and revenue are for the 12 months that ended Sept. 30, 2024. (Note: Venture Global Inc. filed its S-1 for its IPO on Dec. 20, 2024, without disclosing the terms. Estimated IPO proceeds are the boilerplate $100 million, but some Wall Street pros believe that this IPO could raise as much as between $2 billion and $3 billion. Background: Venture Global Inc. submitted confidential IPO documents to the SEC on Aug. 8, 2024.)  “.

Venture Global, Inc. was founded in 2013 and has 1401 employees. The company is located at 1001 19th Street North, Suite 1500 Arlington, VA, 22209 and can be reached via phone at (202) 759-6740 or on the web at http://www.ventureglobal.com/.