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Venture Global’s Stock Performance and Financials

Stock Market Debut Below IPO Price

On its first day of trading, shares of liquefied natural gas exporter Venture Global (VG) ended below their initial public offering (IPO) price of $25 per share. The stock began its journey on the New York Stock Exchange (NYSE) at $24.05 and concluded the day at $23.94, marking an approximate decline of over 4% from the IPO valuation.

The company successfully raised $1.75 billion by issuing 70 million shares, priced within the range of $23 to $27. Initially, Venture Global had proposed to sell 50 million shares at a higher price bracket, between $40 and $46, which could have collectively yielded approximately $2.15 billion if the midpoint price had been achieved.

Venture Global’s Financial Landscape in 2024

As of September 30, Venture Global reported raising roughly $54 billion in total capital, with about $14.2 billion in net proceeds to date. During the first nine months of 2024, the company recorded a profit of $604 million, translating to earnings of 23 cents per share. This revenue, amounting to $3.45 billion, signifies a downturn compared to the financial figures from 2023.

Furthermore, The Wall Street Journal has highlighted ongoing arbitration issues, as long-term clients have raised concerns regarding Venture Global’s sales strategy. Notably, it has been alleged that the company opted to sell its LNG on the spot market following the onset of the conflict in Ukraine, leveraging the surge in prices that ensued.

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

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