Venture Global, a Louisiana-based LNG export-focused company, has filed for an IPO with the U.S. SEC. While pricing details remain undisclosed, the market anticipates the offering could raise approximately $3 billion. Venture Global is actively engaged in commissioning, constructing, and developing five LNG and export projects near the Gulf of Mexico in Louisiana. These projects aim to deliver a total peak capacity of 143.8 million tons per annum (MTPA), including an expected nameplate capacity of 10.44 MTPA and a surplus capacity of 39.40 MTPA.
Since its inception in 2013, Venture Global has generated revenue by selling commissioning cargoes from the Calcasieu project. The company reported $5.1 billion in revenue for the twelve months ending September 30, 2024. Venture Global plans to list on the NYSE under the ticker "VG" and had initially filed its application confidentially on August 8, 2024. The IPO is being managed by major financial institutions including Goldman Sachs, JPMorgan, and Bank of America Securities.
