
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…