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Venture Global, one of the biggest US liquefied natural gas developers, has filed for an initial public offering, as it looks to tap into investor excitement over a potential boom in energy exports under president-elect Donald Trump.
The company, which has plans to build and operate five LNG terminals on the US Gulf Coast, submitted IPO paperwork to the US Securities Exchange Commission on Friday, but the expected size of the listing was not disclosed.
The Financial Times has previously reported the company is planning to raise $3bn to $4bn, which would be the biggest energy listing in more than a decade — and one of the largest in US history. JPMorgan analysts have estimated Venture Global’s enterprise value at $100bn, including a large amount of debt raised to build its terminals.
LNG producers are expected to benefit from Trump’s return to the White House next month, with the president-elect pledging to cut red tape and boost oil and gas exports.
Venture Global did not immediately respond to a request for comment on the size of the fundraising.
This is a developing story
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