LNG exporter Venture Global lowered the offer price for its initial public offering in the U.S. on Wednesday, effectively increasing the number of shares it plans to sell and targeting a valuation of as much as $65.33 billion. It now aiming to sell 70 million shares at a price range of $23 to $27 to raise $1.89 billion, compared with its prior target of selling 50 million shares for $40 to $46 each to raise as much as $2.30 billion. Reuters first reported the revised IPO plans on Tuesday, citing a source.
