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.

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.

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,

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.

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

Venture Global is expected to pitch its IPO to investors by Jan. 17 to rival the largest energy IPOs on record.

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