Cheniere(US:LNG) Investopediaยท2025-01-24 21:20Group 1 - Venture Global's shares closed below their initial public offering (IPO) price of $25 per share on the first day of trading, opening at $24.05 and closing at $23.94, which is more than 4% below the IPO price [1][4] - The company raised $1.75 billion by pricing 70 million shares in the middle of its $23 to $27 range, whereas the initial offering of 50 million shares was priced between $40 and $46, which could have raised $2.15 billion at the midpoint [2][4] - For the first nine months of 2024, Venture Global reported a profit of $604 million, or 23 cents per share, on revenue of $3.45 billion, which is significantly lower than the figures for 2023 [3] Group 2 - Venture Global has raised approximately $54 billion in capital and generated about $14.2 billion in net proceeds as of September 30 [3] - The company is facing arbitration challenges due to complaints from long-term customers regarding the sale of LNG on the spot market after Russia's invasion of Ukraine, which was perceived as taking advantage of higher prices [4]