Primary Public Stock Location (IPO) Venture Global (VG)

Exporter of natural gas Venture Global The shares fell 4% on the first day of trading, as the company sought to check the appetite of investors for energy resources resources amid the efforts of the Trump administration to implement a wide program aimed at increasing oil and gas production.

“The Trump administration made it clear that it supports the growth of the SPG export,” Venture CEO Mike Table said in an interview with CNBC on Friday.

The shares have completed the day at $ 24, amounted to the company’s market capitalization of about $ 58 billion. Venture is the second largest exporter of the SPG in the US Six.

The company has determined its price Primary public placement of stocks $ 70 million at a price of $ 25 to raise $ 1.75 billion with a total estimation of about $ 60.5 billion. But the shares opened 3.8% below this price of $ 24.05, when the bidding started on the New York Stock Exchange on Friday.

Even before the opening of the Venture trading, IPO’s price from the original goal has already sharply reduced. The company had Initially planned offer 50 million shares in the range of $ 40 to $ 46, which would attract about $ 2.2 billion in the middle with a total estimation of $ 110 billion.

However, IPO Venture has been the largest oil and gas company over the past ten years and the fourth largest since 2000. In estimated about $ 60 billion, this will be the tenth largest public energy company.

Venture is located at different stages of commissioning, construction and development of five liquefy and export of natural gas near Mexican Gulf in Louisiana. It is expected that the peak production capacity of these projects will be 143.8 million tons per year, the company said.

However, Venture is closed in client arbitration, including specialties such as ShellThe accused of the campaign of inability to deliver SPG cargo on a long -term contract from the Calcasieu Pass plant in Louisiana.

Meanwhile the president Donald Trump On Monday stated A an emergency in the country And he issued an order to cancel the pause of Biden administration in the new TPG export projects, eliminating the potential obstacle to Venture’s growth.

Trump’s policy combined with cold winter weather and expected high demand from artificial intelligence contributes to raising natural gas prices and appropriate stocks. For example, after Trump’s election, Cheniere’s stock increased by more than 20%. Natural gas prices have increased by 44%at the same time.

Correction: CEO Venture Global is Mike Tel. In an earlier version of this story, his name was written incorrectly.