13:56:53 EST Sun 16 Feb 2025
Enter Symbol
or Name
USA
CA



JPMorgan CDR (CAD Hedged)
Symbol JPM
Shares Issued 3,450,000
Close 2025-01-13 C$ 32.42
Market Cap C$ 111,849,000
Recent Sedar Documents

Globe/wire say BofA, rivals lead Venture Global IPO

2025-01-14 09:42 ET - In the News

See In the News (C-BOFA) Bank of America CDR (CAD Hedged)

The Globe and Mail reports in its Tuesday edition that Venture Global aims for a valuation of up to $110.38-billion in its initial public offering in New York, marking the potential for the first significant stock market launch of 2025 (all figures U.S.). A Reuters dispatch to The Globe reports that the company is seeking to raise up to $2.3-billion in what is likely to be the largest listing by an energy company in the United States in more than a decade. Reuters reported on Saturday that Venture Global was set to formally pitch the highly anticipated IPO to investors this week. The company is offering 50 million shares priced between $40 and $46 each. The IPO comes amid growing global liquified natural gas demand as the world shifts toward renewable energy. The United States, a major LNG supplier to Europe and Asia, has emerged as the world's largest exporter of the super-chilled gas, thanks to its abundant natural gas reserves and the development of LNG terminals along the Gulf Coast. North America's LNG export capacity is expected to more than double by 2028, according to the U.S. Energy Information Administration. Goldman Sachs, JPMorgan and BofA Securities are the lead underwriters for the offering.

© 2025 Canjex Publishing Ltd. All rights reserved.