Latest news with #VentureGlobalInc.
Axios
07-04-2025
- Business
- Axios
These are the Washington area billionaires
The newest DMV billionaires are a duo who just took their energy company public, joining Forbes' annual list along with a handful of other locals. Why it matters: Two dozen billionaires on the global list have local ties. Follow the money: Mike Sabel and Bob Pender are founders of Venture Global Inc., an Arlington-based liquefied natural gas company that went public in January (good timing), Washington Business Journal reports. Sabel, a former investment banker who lives in D.C., and Pender, a D.C. attorney who lives in Falls Church, both rank No. 323 on Forbes' list — with net worths of $9.1 billion. Newcomers include Washington Spirit owner Michele Kang, United Therapeutics founder and CEO Martine Rothblatt, Salamander Collection CEO Sheila Johnson, and fast casual restaurant entrepreneur Ron Shaich, who is chairman of Cava.
Bloomberg
27-01-2025
- Business
- Bloomberg
Venture Global's IPO Flop Worsens as Shares Slump 20% From Debut
The fallout for Venture Global Inc., in the wake of a troubled initial public offering, accelerated amid a market selloff that sapped $12 billion from its valuation on debut. Shares of the liquefied natural gas exporter tumbled 17% on Monday, bringing its losses to 20% from its $25 apiece offer price last week. The company's choppy start as a publicly-traded company came after it slashed the IPO price range by more than 40% after investors approached during the marketing wanted a lower range.
