Article content
ARLINGTON, Va. – Venture Global, Inc. (“Venture Global”) announced today the price of its initial public offering of 70,000,000 shares of Class A common stock, at a price of $0.01 (“Class A common stock”) in a public offering. price of $25.00 per share. In connection with the offering, Venture Global has granted the underwriters a 30-day option to purchase an additional 10,500,000 shares of Class A common stock. The shares of Class A common stock are expected to begin trading on the New York Stock Exchange on January 24, 2025 under the symbol “VG”.
Article content
Closing of the offering is expected to occur on January 27, 2025, subject to the satisfaction of customary closing conditions.
Goldman Sachs & Co. LLC, JP Morgan (each listed alphabetically) and BofA Securities are acting as lead book-runners. 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-runners 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 has been declared effective on January 23, 2025. The offering is being made only by prospectus. Copies of the final prospectus relating to the offering, if available, may be obtained free of charge 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, New York, NY 10282, by telephone at 866-471-2526 or by email at prospectus-ny@ny.email.gs.com; JP Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com; or BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, NC, 28255-0001, Attention: Prospectus Department, by telephone at 800-294-1322 or by email at dg .prospectus_requests@bofa .com.
This press release does not constitute an offer to sell or solicitation of an offer to buy these securities, and there will not be any sale of these securities in any state or jurisdiction where such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any state or place. Any offer, solicitation or offer to purchase, or any sale of securities shall be made in accordance with the registration requirements of the Securities Act of 1933, as amended, and otherwise in accordance with the applicable securities laws of any other jurisdiction.
About Venture Global
Venture Global is a long-term, low-cost supplier of US LNG from North America’s rich natural gas resources. Venture Global’s business includes assets across the entire LNG supply chain including LNG production, natural gas transportation, shipping and refueling. Venture Global’s first facility, Calcasieu Pass, began LNG production in January 2022. The company’s second facility, Plaquemines LNG, achieved first LNG production in December 2024. The company is currently building and developing more than 100 MTPA of production capacity. -nameplate to provide clean, affordable energy to the world. Venture Global is developing Carbon Capture and Sequestration projects at each of its LNG properties.
Article content
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 existing facts or current conditions included in this press release are forward-looking statements. Forward-looking statements include statements regarding the offering, Venture Global’s plans, goals, objectives, strategies, future events or operations, capital expenditures, financial needs, ability to finance operations, development and construction timelines for its projects and the commencement of operations. projects, acquisition-related objectives, competitive strengths and weaknesses, and business strategies; and other non-historical information. Words such as “may”, “expect”, “intend”, “estimate”, “expect”, “believe”, “should”, “forecast”, “project”, “target”, “plan” or “intend” or Words with similar meanings are also generally intended to identify forward-looking statements. Any statements contained herein that are not statements of historical fact may be considered 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 results, except as required by law.
View the source version on businesswire.com: https://www.businesswire.com/news/home/20250123706876/en/
Contacts
Investor Contact
Michael Pasquarello
IR@ventureglobalLNG.com
Media contact
Shaylyn Hynes
press@ventureglobalLNG.com
#distro
Share this article on your social network
Source link