LNG Giant Venture Global Eyes Huge U.S. IPO

Arlington, Virginia-based LNG exporter Venture Global is targeting up to $110.38 billion valuation in its U.S. initial public offering (IPO) in 2025. The company is seeking to raise up to $2.3 billion in one of the biggest energy IPOs in the New York Stock Exchange for more than a decade. ConocoPhillips’ (NYSE:COP) $4.4B offering in 1998 remains the biggest IPO in the energy sector to-date, with Kinder Morgan’s (NYSE:KMI) $3.3 billion flotation in 2011 coming second. If successful, Venture Global will be more than twice as valuable…