Financial Times: IPOX® CEO Schuster on Venture Global’s Post-IPO Performance

IPOX® CEO Josef Schuster was recently interviewed by the Financial Times regarding Venture Global's troubling market performance. Following a 36% single-day stock plunge, Schuster provided expert analysis on the LNG producer's IPO struggles.

"For its size, this really ranks at the bottom of performance for any energy IPO in our database," Schuster told the Financial Times.

The company, once preparing for a blockbuster IPO valuing it higher than oil major BP, has experienced a dramatic reversal. After releasing disappointing financial results showing slowing sales and increased construction costs, Venture Global's market capitalization plummeted to $23 billion—just one-third of its initial $60 billion IPO valuation.

Schuster noted that the poor flotation raised "red flags" and warned that the subsequent share price decline could increase short selling activity and complicate the company's ability to raise capital through secondary offerings.

Despite maintaining close relationships with the White House and ambitious expansion plans, Venture Global now faces significant challenges including class-action lawsuits and a $5 billion arbitration battle with major customers like Shell, BP, and Repsol.

Read the full article at Financial Times: https://www.ft.com/content/7653b4c0-f740-48d0-9e98-b22fcc38d0fb