Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
Today, Venture Global, a leading liquid natural gas (“LNG”) exporter, cut its initial public offering’s (“IPO”) valuation by approximately fifty percent. This is another sign of the fragile state of the IPO market.
The firm reduced its offering price range by over forty percent and increased the offer size by forty percent to seventy million shares. Analysts have suggested that these revisions were intended to increase the attractiveness of the IPO.
Complete content is available for a $15 monthly subscription. Click here to subscribe:
The Rabid Capitalist 
Leave a comment