Venture Global, Inc. Announces Pricing of its Initial Public Offering
Venture Global announced the pricing of its initial public offering of 70,000,000 shares of Class A common stock at $25.00 per share. The company has granted underwriters a 30-day option to purchase up to an additional 10,500,000 shares. Trading is expected to begin on the New York Stock Exchange on January 24, 2025, under the symbol 'VG', with the offering closing on January 27, 2025.
The IPO is led by joint book-running managers Goldman Sachs, J.P. Morgan, and BofA Securities, alongside numerous other financial institutions acting as joint book-running managers and co-managers. The offering will be conducted through a prospectus following the effective registration statement on Form S-1 filed with the SEC.
Venture Global ha annunciato il prezzo della sua offerta pubblica iniziale di 70.000.000 azioni di azioni ordinarie di Classe A a $25,00 per azione. L'azienda ha concesso agli underwriter un'opzione di 30 giorni per acquistare fino a ulteriori 10.500.000 azioni. Si prevede che le contrattazioni inizieranno alla Borsa di New York il 24 gennaio 2025, con il simbolo 'VG', mentre l'offerta si chiuderà il 27 gennaio 2025.
L'IPO è guidata dai co-manager Goldman Sachs, J.P. Morgan e BofA Securities, insieme a numerose altre istituzioni finanziarie che agiscono come co-manager. L'offerta sarà realizzata attraverso un prospetto seguendo la dichiarazione di registrazione efficace sul modulo S-1 presentato alla SEC.
Venture Global anunció el precio de su oferta pública inicial de 70,000,000 acciones de acciones comunes de Clase A a $25.00 por acción. La compañía ha otorgado a los suscriptores una opción de 30 días para comprar hasta 10,500,000 acciones adicionales. Se espera que la negociación comience en la Bolsa de Nueva York el 24 de enero de 2025, bajo el símbolo 'VG', con el cierre de la oferta el 27 de enero de 2025.
La IPO es dirigida por los co-gestores Goldman Sachs, J.P. Morgan y BofA Securities, junto con numerosas otras instituciones financieras que actúan como co-gestores. La oferta se llevará a cabo a través de un prospecto después de la declaración de registro efectiva en el formulario S-1 presentado ante la SEC.
벤처 글로벌은 70,000,000 주의 A 클래스 보통주에 대한 초기 공모가를 주당 $25.00로 발표했습니다. 회사는 인수인에게 10,500,000 주를 추가로 구매할 수 있는 30일 옵션을 부여했습니다. 거래는 2025년 1월 24일에 뉴욕 증권 거래소에서 'VG' 기호로 시작될 것으로 예상되며, 제공은 2025년 1월 27일에 종료됩니다.
이 IPO는 공동 주관 매니저인 골드만삭스, JP모건, BofA 증권이 이끌고 있으며, 많은 다른 금융 기관들도 공동 주관 매니저 및 공동 관리자 역할을 하고 있습니다. 이번 제안은 SEC에 제출된 S-1 양식의 효과적인 등록 세부 사항에 따라 진행될 것입니다.
Venture Global a annoncé le prix de son introduction en bourse de 70.000.000 d'actions d'actions ordinaires de classe A à 25,00 $ par action. La société a accordé aux souscripteurs une option de 30 jours pour acheter jusqu'à 10.500.000 actions supplémentaires. Les échanges devraient commencer à la Bourse de New York le 24 janvier 2025, sous le symbole 'VG', avec la clôture de l'offre le 27 janvier 2025.
L'IPO est dirigée par les co-managers Goldman Sachs, J.P. Morgan et BofA Securities, ainsi que par de nombreuses autres institutions financières agissant en tant que co-managers. L'offre sera réalisée par le biais d'un prospectus suivant l'état d'enregistrement effectif sur le formulaire S-1 déposé auprès de la SEC.
Venture Global hat den Preis für ihr öffentliches Angebot von 70.000.000 Aktien der Klasse A Stammaktien auf $25,00 pro Aktie festgelegt. Das Unternehmen hat den Underwritern eine 30-tägige Option gewährt, um bis zu 10.500.000 zusätzliche Aktien zu erwerben. Der Handel wird voraussichtlich am 24. Januar 2025 an der New Yorker Börse unter dem Symbol 'VG' beginnen, und das Angebot wird am 27. Januar 2025 schließen.
Das IPO wird von den gemeinsamen Buchführungsleitern Goldman Sachs, J.P. Morgan und BofA Securities geleitet, zusammen mit zahlreichen anderen Finanzinstituten, die als gemeinsame Buchführungsleiter und Co-Manager auftreten. Das Angebot wird über einen Prospekt durchgeführt, der der effektiven Registrierungserklärung auf dem Formular S-1 folgt, die bei der SEC eingereicht wurde.
- Large-scale IPO raising approximately $1.75 billion (70M shares at $25)
- Additional potential proceeds of $262.5M through underwriters' option
- Strong syndicate of prestigious investment banks supporting the offering
- Potential dilution for existing shareholders
- Lock-up period restrictions likely to affect stock price volatility
Insights
The pricing of Venture Global's IPO represents a significant capital markets event, with the company offering 70 million Class A shares at $25.00 per share, potentially raising
The extensive syndicate of 19 underwriters, led by premier institutions Goldman Sachs, J.P. Morgan and BofA Securities, suggests exceptional institutional investor interest and global distribution capabilities. The presence of international banks like ING, Scotiabank and SMBC Nikko indicates strong cross-border appeal and potential global investor base diversification.
The Class A share structure typically indicates a dual-class arrangement, commonly used to maintain founder or early investor control while accessing public markets. This could impact governance considerations for potential investors, though voting rights details would need to be confirmed in the prospectus.
The timing of this IPO is particularly noteworthy in the current market environment where energy infrastructure companies are attracting significant attention due to global energy security concerns and the transition to cleaner energy sources. The substantial offering size positions Venture Global to potentially pursue strategic growth initiatives and strengthen its market position in the energy sector.
The closing of the offering is expected to occur on January 27, 2025, subject to the satisfaction of customary closing conditions.
Goldman Sachs & Co. LLC, J.P. Morgan (each listed alphabetically) and BofA Securities are acting as joint lead book-running managers. ING, RBC Capital Markets, Scotiabank, Mizuho, Santander, SMBC Nikko, MUFG, BBVA, Loop Capital Markets, Natixis, Deutsche Bank Securities, Wells Fargo Securities and Truist Securities are acting as joint book-running managers for the offering. National Bank of Canada Financial Markets, Raymond James, Regions Securities LLC, Guggenheim Securities and Tuohy Brothers are acting as co-managers for the offering.
A registration statement on Form S-1 relating to the offering has been filed with the Securities and Exchange Commission and was declared effective on January 23, 2025. The offering is being made only by means of a prospectus. Copies of the final prospectus relating to the offering, when available, may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the final prospectus, when available, may be obtained from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street,
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended, and otherwise in accordance with applicable securities laws in any other jurisdiction.
About Venture Global
Venture Global is a long-term, low-cost provider of
Forward-looking Statements
This press release contains forward-looking statements that are subject to risks and uncertainties. All statements other than statements of historical fact or relating to present facts or current conditions included in this press release are forward-looking statements. Forward-looking statements include statements concerning the offering, Venture Global’s plans, objectives, goals, strategies, future events or performance, capital expenditures, financing needs, ability to fund operations, timelines for development and construction of its projects and commencement of operation at its projects, intentions relating to acquisitions, competitive strengths and weaknesses, and business strategy; and other information that is not historical information. Words such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “forecast”, “project”, “target”, “plan” or “aim” or terms of similar meaning are also generally intended to identify forward-looking statements. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements.
Readers are cautioned not to place undue reliance on any of these forward-looking statements. These forward-looking statements speak only as of the date hereof. Venture Global undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect actual outcomes, unless required by law.
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Investor Contact
Michael Pasquarello
IR@ventureglobalLNG.com
Media Contact
Shaylyn Hynes
press@ventureglobalLNG.com
Source: Venture Global, Inc.
FAQ
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