US-based Venture Global LNG is set to formally engage investors for its initial public offering (IPO), targeting a valuation of $110bn, reported Reuters, citing a document and a person familiar with the matter.

The company is expected to present its share offering between $40 and $46 per share as it begins marketing for its New York Stock Exchange debut.

The proposed price range would place the company's value between $96bn and $110bn on a non-diluted basis, excluding securities such as options and restricted stock units.

The offering of 50 million shares could raise between $2bn and $2.3bn.

However, the final IPO price will depend on investor demand, and the timing remains subject to market conditions.

This IPO could mark the first significant share offering during the potential second term of President-elect Donald Trump, who has pledged to reverse President Joe Biden's suspension of new LNG export licences.

Dealmakers also hope to see an increase in global equity capital market activity this year, supported by a strong pipeline of expected initial public offerings from various prominent companies.

If Venture Global proceeds with its IPO, the company could price its offering around the middle of the week of 20 January.

The company’s IPO filing states that under extended force majeure, customers cannot cancel sales agreements after June 2025.

The US' LNG capacity is expected to more than double from 2024 to 2028, as reported by the Energy Information Administration, advancing the role of Venture Global in the sector.

Venture Global operates a ten million tonnes per annum (mtpa) facility at Calcasieu Pass, Louisiana, which began exporting LNG in 2022.

The facility is undergoing commissioning, a phase that has seen legal challenges from clients such as Shell, BP, and Edison due to undelivered contracted cargoes.