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Venture Global Cuts IPO Price Range to Sell More Stock

Venture Global Cuts IPO Price Range to Sell More Stock

Venture Global, the LNG major, is set to cut the proposed price range for its initial stock offering in a bid to sell more shares, Reuters has reported, citing unnamed sources close to the company. Originally, the price range for the offering was set at between $40 and $46 apiece. Now, according to the sources, Venture Global is considering a range of between $32 and $38 per share. This would allow it to sell up to 62 million shares instead of the originally planned 50 million shares. Venture Global plans to raise some $2.3 billion from its initial…

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