NEW YORK: The tepid reception to Venture Global’s ambitious valuation target shows companies need to set realistic expectations when going public, Wall Street analysts say, and could be a signal that the recovery in new offerings may be a cautious one.
Touted as the first blockbuster listing of 2025, the exporter of liquefied natural gas (LNG) was initially aiming for a price tag as high as US$110bil, only to settle for 45% lower when it eventually sold shares in the initial public offering (IPO) last Thursday.
