Venture Global LNG will debut on public markets on Friday after sharply lowering its IPO valuation to $60.5 billion, but still set to be one of the largest U.S.-listed energy companies. The market debut will serve as the first big test for energy companies under an administration led by President Donald Trump, who has prioritized increasing U.S. energy output and rolling back his predecessor’s climate policies. “A less talked about issue of the deal is the extremely low float… which is highly unusual and presents a significant risk factor due to overhang down the road,” said Josef Schuster, CEO of IPO-focused investment indexes, IPOX.
