Natural gas exporter Risk global On the first day of the transaction, the stock fell 4 % because the company hopes that the Trump administration will test investors’ demand for energy stocks under the efforts of the Trump administration to promote the detailed agenda of oil and natural gas production.
Venture CEO Mike Sabel told CNBC in an interview on Friday: “The Trump administration has clearly stated that they support the export of liquefied natural gas.”
The stock ended at a price of $ 24, making the company’s market value of about 58 billion US dollars. Venture is the second largest liquefied natural gas exporter in the United States CheniereEssence
The company has priced it First public fundraising 70 million shares raised $ 1.75 billion at a price of $ 25, with a total valuation of about $ 60.5 billion. However, when the transaction started on the New York Stock Exchange on Friday afternoon, the stock opened 3.8 % at a price of $ 24.05.
Even before the opening of the transaction, Venture has cut its IPO price steeply from its original target. Company Initial plan Provide 50 million shares between US $ 40 and 46, which will raise about $ 2.2 billion in the middle point, with a total valuation of $ 110 billion.
Nevertheless, Venture’s IPO is the largest IPO of oil and natural gas companies in the past ten years, and is also the fourth largest IPO since 2000. The valuation is about $ 60 billion, which will be the tenth largest listed energy company.
Venture is entrusted by the entrustment of the Gulf of Mexico, Louisiana, and builds and develops five stages of liquefaction and export facilities. According to the company’s prospectus, the peak production capacity of these projects is expected to be 143.8 million tons.
However, Venture locks the arbitration with customers, including shellThey accused the company of failing to deliver LNG goods from long -term contracts in the Calcasieu Pass factory in Louisiana.
At the same time, president Donald Trump Announced on Monday National Energy Emergency It also issued an administrative order to overthrow the pause of the Bayeng government on the new liquefied natural gas export project, thereby eliminating the potential obstacles of the growth of venture capital.
Trump’s policy, coupled with cold winter weather and strong demand for artificial intelligence, is helping to promote the price of natural gas and related stocks. For example, since Trump was elected, Cheniere’s stock has climbed more than 20 %. The price of natural gas rose 44 % at the same time.
Correction: Venture Global CEO is Mike Sabel. The earlier version of this story made his name wrong.
