Venture Global is seeking up to $110.38 billion valuation in its New York initial public offering, the second-largest U.S. liquefied natural gas producer said on Monday, setting the stage for the first blockbuster stock market flotation in 2025.

The IPO documents show Venture Global has raised about $54bn to build its terminals and pay operating expenses since it was founded 11 years ago. It has earned nearly $20bn in gross proceeds over that time, while long-term contracts are expected to generate revenues of $107bn in coming years.

PIMCO Dynamic Income Strategy Fund moved away from its Energy focus in 2024 but still holds about 50% in the sector, including pre-IPO shares of LNG

There's plenty to chew on in Venture Global's IPO filing beyond just the topline numbers. Why it matters: The U.S. LNG exporter hopes to raise up to $2.3 billion in what would be the largest energy IPO in over a decade.

US-based Venture Global LNG is set to formally engage investors for its initial public offering (IPO), targeting a valuation of $110bn, reported Reuters, citing a document and a person familiar with the matter.

Venture Global Inc. is seeking to raise $2.3 billion in what would be the largest US initial public offering by an energy firm since 2013.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York,

At that range, Venture Global would seek a valuation of anywhere between about $96 billion and $110.38 billion. That total comes from Venture Global’s calculation of outstanding shares after the IPO: roughly 430 million outstanding Class A shares and nearly 2 billion Class B shares.

Venture Global is targeting up to $110.38 billion valuation in its U.S. initial public offering, the liquefied natural gas exporter said on Monday, setting the stage for 2025's first blockbuster stock market flotation.

The Arlington, Virginia-based company is seeking to raise up to $2.30 billion by offering 50 million shares priced between $40 and $46 each

Venture Global Inc is seeking to raise $2.3bn in what would be the largest US initial public offering by an energy firm since 2013.The Arlington, Virginia-based company plans

The energy industry is set to stage a comeback in the US initial public offerings market, with sizable deals springing up after the worst year since 2003.