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Tag: Venture
US energy group Venture Global notches up $60bn valuation in IPO
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US energy group Venture Global has been valued at just above $60bn in its initial public offering, marking a climbdown from a much loftier target of more than $100bn.
The company priced its IPO at $25 a share, raising $1.75bn, according to a statement. It had said earlier this month that it was seeking to achieve a valuation of up to $110bn — more than oil major BP — before scaling back its offering this week.
People close to the deal said the size and timing of the cut underscored investors’ nervousness about elevated valuations in the US stock market, even as Wall Street bankers were gearing up for a flurry of flotations.
One potential investor said Venture Global’s bankers had walked them through its pricing rationale and why it was going with such a high multiple. “I pushed back on them initially and then they tried to insist that I was the odd one out and that all other investors were OK with the much higher multiple. Gaslighting at its best,” the person said.
Cole Smead, chief executive of Smead Capital Management, which has invested about $1.5bn in oil and gas companies but did not invest in the Venture Global IPO, added that raising money on public markets was particularly tough for companies in the energy sector.
Venture Global declined to comment.
The listing comes after US President Donald Trump this week ordered the restart of licensing for LNG terminals, ending a Joe Biden-era moratorium that had caused uproar among oil bosses.
Venture Global has built strong ties with the incoming administration. In April, chief executive Mike Sabel attended a dinner hosted at Mar-a-Lago for oil and gas executives, where Trump allegedly made a request for $1bn in campaign donations in return for ripping up environmental policies. The company contributed $1mn to Trump’s inauguration campaign.
Sabel and co-founder Robert Pender, who control 84 per cent of the company’s shares, pioneered modular construction of LNG facilities, which enables much of the prefabrication work on the giant facilities to be completed off-site to reduce costs and project delivery times.
Venture Global has earned a reputation as an upstart in the LNG industry, which has traditionally valued close relationships with foundation customers, who sign long-term supply contracts that enable companies to raise finance to build terminals.
But when Russia’s full-scale invasion of Ukraine in 2022 caused LNG prices to rocket, the company made a controversial decision to sell large amounts of product on spot markets, rather than honour long-term contracts. Shell, BP and several other foundation customers have filed arbitration claims worth $5bn against Venture Global, arguing it had reneged on long-term commitments to them to profit off the spot market.
The company, which operates two LNG terminals on the US Gulf coast, denies it broke any contracts.
Goldman Sachs, JPMorgan and Bank of America acted as joint bookrunners for Venture Global’s IPO.
US energy group Venture Global has made waves in the market after notching up an impressive $60 billion valuation in its recent IPO. The company, known for its innovative approach to energy production, has captured the attention of investors and analysts alike with its ambitious growth plans and cutting-edge technology.Venture Global’s success in the IPO market is a testament to the company’s strong leadership, strategic vision, and dedication to sustainability. With a focus on clean energy solutions, Venture Global is well-positioned to thrive in an increasingly environmentally conscious world.
As the demand for renewable energy sources continues to grow, Venture Global’s valuation is a clear indicator of the market’s confidence in the company’s ability to meet this demand and drive positive change in the energy sector.
With this milestone achievement, Venture Global is poised to make a significant impact on the energy industry and solidify its position as a key player in the transition to a more sustainable future.
Tags:
- US energy group
- Venture Global
- $60bn valuation
- IPO
- Energy sector
- Investment news
- Stock market
- Renewable energy
- Energy industry
- Valuation growth
#energy #group #Venture #Global #notches #60bn #valuation #IPO
Professional work style 3rd stage venture company manager Tomoko Minamiba’s work Only in work people grow
Price: $30.50
(as of Jan 23,2025 22:23:06 UTC – Details)
Now there is a mobile site that is popular with young people on the internet where users interact with them. Tomoko Namba, a venture enterprise owner leading 200 employees in this haunted site with 200 million page views per day. From a career woman, he became a part of the southern workplace in just 8 years. (Broadcast on March 8, 2007)
Aspect Ratio : 1.78:1
Is Discontinued By Manufacturer : No
Package Dimensions : 7.1 x 5.42 x 0.58 inches; 2.65 ounces
Media Format : DVD
Subtitles: : Japanese
ASIN : B000UKFD8Y
Number of discs : 1
In the fast-paced world of venture companies, it takes a special kind of leader to navigate the ever-changing landscape and drive success. Tomoko Minamiba, the manager of a 3rd stage venture company, is one such leader who embodies a professional work style that inspires growth and innovation in her team.For Tomoko, work is not just about completing tasks and meeting deadlines; it’s about fostering an environment where her team members can thrive and reach their full potential. She understands that only through challenging work and continuous learning can people truly grow and excel in their careers.
Tomoko leads by example, always demonstrating a strong work ethic, a positive attitude, and a commitment to excellence. She sets high standards for herself and her team, pushing everyone to constantly improve and strive for success. However, she also knows the importance of work-life balance and encourages her team to take breaks, recharge, and come back refreshed and ready to tackle challenges.
Through her leadership, Tomoko has created a work culture where collaboration, communication, and creativity are valued. She fosters a sense of camaraderie among her team members, encouraging them to share ideas, provide feedback, and support each other in achieving their goals.
In Tomoko’s eyes, work is not just a means to an end; it’s a journey of personal and professional growth. She believes that by investing in her team members and creating a supportive work environment, she can help them unlock their full potential and achieve great things together. And for Tomoko, that’s the true measure of success in the world of venture companies.
#Professional #work #style #3rd #stage #venture #company #manager #Tomoko #Minamibas #work #work #people #grow,growKula Gold forms joint venture to explore Wozi Niobium project in Malawi
Kula Gold has formed a JV to explore the Wozi Niobium Project in Malawi, holding a 75% stake, while African Rare Metals, an unrelated third party, owns 25%.
Malawi’s mining regulatory authority has recommended granting an exploration licence for the project, pending completion of an environmental study.
Kula will fund the initial exploration programme of $100,000, while ARM retains a 2% net smelter return royalty.
ARM may reduce its stake to 10% and will remain free carried until a decision to proceed with mining is made.
The Wozi Niobium Project is located 225km north of the country’s capital Lilongwe.
The APL0630 exploration licence for the Wozi Niobium Project covers an area of approximately 5.52km².
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It encompasses igneous and metamorphic rocks from the Precambrian to Lower Palaeozoic Basement of the Mozambique Orogenic Belt within the Malawi Rift Valley System.
This area was previously held by Mantra Resources and is part of the East African Rift Valley System.
The project hosts niobium and tantalum mineralisation within a nepheline syenite intrusive stock.
Kula managing director Ric Dawson said: “Amidst a robust global gold market, Kula has identified the Wozi Niobium Project as a very interesting high impact, low-cost niobium/tantalum opportunity to add to the company’s portfolio whilst advancing the flagship Mt Palmer Gold Mine near Southern Cross WA.
“Kula looks forward to quickly advancing the Wozi Niobium Project towards a maiden drilling programme over the next few months. Kula’s board and team have considerable experience in Africa in discovery, construction and successful mining operations.”
Historical trenching results by Mantra Resources in 2007 indicated “significant” surface niobium mineralisation, highlighting the project’s large-scale potential.
A field programme is expected in the first quarter of 2025 (Q1 2025) to verify historical niobium results upon the granting of the exploration licence.
This will include field mapping, and rock-chip and soil sampling to assess the project’s scale potential.
The work aims to progress towards a maiden drilling programme by Q2 2025, with additional tenure under evaluation. Geological mapping and rock-chip sampling are also scheduled for that period.
Kula Gold, a mineral exploration company, has recently announced the formation of a joint venture to explore the Wozi Niobium project in Malawi. Niobium is a critical mineral used in various high-tech applications, including in the aerospace and electronics industries.The joint venture will bring together Kula Gold’s expertise in mineral exploration and the local knowledge and experience of its partners in Malawi. This collaboration is expected to accelerate the exploration and development of the Wozi Niobium project, potentially unlocking a significant source of this valuable mineral.
Kula Gold’s CEO expressed excitement about the partnership and the potential of the Wozi Niobium project, stating that it represents a unique opportunity for the company to expand its portfolio and contribute to the growth of the niobium market.
Stay tuned for updates on this exciting development as Kula Gold and its partners work together to uncover the potential of the Wozi Niobium project in Malawi.
Tags:
- Kula Gold
- Joint venture
- Wozi Niobium project
- Malawi
- Exploration
- Niobium mining
- Resource development
- African mining
- Investment opportunities
- Mining partnerships
#Kula #Gold #forms #joint #venture #explore #Wozi #Niobium #project #Malawi
Marg AC/AC Adapter for Nortel Meridian Aastra 9516 M9516 9516CW M9516CW 9617 M9617 9617USB M9617USB Business Phone Telephone Class 2 Transformer Nortel Meridian Aastra Venture Power Charger
Price: $16.00
(as of Jan 20,2025 21:28:45 UTC – Details)
Features & Specifications:
100% Brand New, High Quality Power Charger( Non-OEM )
Tested Units. In Great Working Condition. All Products are CE Certified.
Brand: Marg
Specifications:
Input Voltage: AC 110V Only
Connector Size: Refer to the picture.
Output Voltage: AC
Quantity: 1 Unit
Warranty: One full year service warranty!
【Optimized Power Conversion】: Attain maximum energy efficiency utilizing cutting-edge transformer technology, minimizing losses while elevating overall performance.
【Exceptional Durability and Longevity】: Crafted to thrive in challenging conditions, our transformers exhibit outstanding ruggedness and extended lifespan, guaranteeing uninterrupted functionality.
【Trusted Performance】: Backed by rigorous quality control and industry certifications, our transformers deliver dependable performance that exceeds expectations.
Please check your model whether it is the same as the listing before purchasing. We do not accept responsibility if you purchase wrong products.Thank you!
Marg AC / AC Adapter For Nortel Meridian Aastra 9516 M9516 9516CW M9516CW 9617 M9617 9617USB M9617USB Business Phone Telephone Class 2 Transformer Nortel Meridian Aastra Venture Power Charger
Are you in need of a reliable AC/AC adapter for your Nortel Meridian Aastra business phone? Look no further than the Marg AC/AC Adapter! This Class 2 transformer is compatible with models such as the 9516, 9516CW, 9617, and 9617USB, providing a stable power supply for your communication needs.Whether you’re using your phone for business calls or simply staying connected with colleagues and clients, having a dependable power charger is essential. The Marg AC/AC Adapter is designed to meet the high standards of Nortel Meridian Aastra phones, ensuring a seamless and efficient charging experience.
Don’t let a faulty adapter disrupt your workflow – invest in the Marg AC/AC Adapter for reliable power supply and peace of mind. Stay connected and powered up with this trusted accessory for your Nortel Meridian Aastra business phone!
#Marg #ACAC #Adapter #Nortel #Meridian #Aastra #M9516 #9516CW #M9516CW #M9617 #9617USB #M9617USB #Business #Phone #Telephone #Class #Transformer #Nortel #Meridian #Aastra #Venture #Power #Charger,meridian audioTrump-Linked DeFi Venture Buys $48M in ETH as Son Eric Drops Hint
Trump effect
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Recently, a Trump-linked decentralized finance (DeFi) venture made headlines after it was revealed that they had purchased $48 million worth of Ethereum (ETH). The venture, which is led by one of former President Donald Trump’s sons, Eric Trump, has been making waves in the crypto space with their aggressive investment strategy.Many in the crypto community were surprised by the size of the purchase, as well as the involvement of the Trump family in the DeFi space. Some speculate that this move could signal a shift towards mainstream acceptance of cryptocurrencies and decentralized finance by traditional institutions.
Eric Trump himself dropped a hint about the purchase on social media, sparking further speculation and interest in the venture. With the crypto market experiencing a surge in popularity and value, it will be interesting to see how this Trump-linked DeFi venture navigates the rapidly evolving landscape of digital assets.
Overall, this news highlights the growing intersection between politics, finance, and technology, and underscores the increasing influence of cryptocurrency in mainstream culture. Stay tuned for more updates on this developing story.
Tags:
- Trump-Linked DeFi Venture
- $48M in ETH
- Son Eric Trump
- DeFi Investment
- Ethereum Purchase
- Crypto News
- Trump Family Business
- Decentralized Finance Venture
- Eric Trump Hint
- ETH Investment
#TrumpLinked #DeFi #Venture #Buys #48M #ETH #Son #Eric #Drops #Hint
Adani to exit Wilmar Joint Venture, to sell 44% in FMCG company for $2 billion
MUMBAI: In a deal that will release capital for the Adani Group, the Ahmedabad-based conglomerate led by Gautam Adani is selling the staples business, Adani Wilmar, to Wilmar International of Singapore for $2 billion. This fund inflow is expected to address the group’s liquidity requirements for its core infrastructure business.
The group, through flagship Adani Enterprises and its wholly-owned subsidiary Adani Commodities, holds 44% in Adani Wilmar that owns the Fortune sunflower oil and Kohinoor basmati rice brands.
Of the 44% the group owns, Wilmar will buy 31% at Rs 305 per share, increasing the Singaporean company’s stake to 75% from 44% in the Mumbai-listed Adani Wilmar. The price is a 7.2% discount to Monday’s close and values the portion being sold to Wilmar at $1.4 billion. Indian regulations require public shareholders to maintain a minimum 25% ownership, restricting promoters’ share to 75%.The remaining 13% stake will be offered to the public through an offer for sale, with current public ownership at 12%. This ends the group’s 25-year presence in the staples sector. Following this, Pranav Adani, nephew of Gautam Adani, and Malay Mahadevia, his childhood friend, stepped down from Adani Wilmar’s board on Monday. The company will be renamed to AWL, AWL Agri Business, or Fortune Agri Business after the deal.
The sale comes one month after US authorities accused Gautam Adani of securities and wire fraud for being involved in a $265 million bribery scheme related to Indian power contracts, allegations that the group has rejected.
The proceeds from Adani Wilmar’s sale will support growth in the group’s primary infrastructure operations. Previously, the group sold its financial services business to American firm Bain Capital.
Adani Group has announced its decision to exit its joint venture with Wilmar International and sell its 44% stake in a fast-moving consumer goods (FMCG) company for a whopping $2 billion.This move comes as part of Adani’s strategy to focus on its core businesses and streamline its operations. The company has been looking to divest non-core assets and optimize its portfolio to drive growth and create value for its shareholders.
The sale of its stake in the FMCG company is expected to bring in significant capital for Adani, which it can then reinvest in its core businesses such as infrastructure, energy, and mining. The decision to exit the joint venture with Wilmar is also in line with Adani’s vision to strengthen its position in key sectors and expand its footprint in high-growth markets.
Overall, this strategic move by Adani is a testament to the company’s commitment to driving sustained growth and creating long-term value for its stakeholders. It will be interesting to see how this divestment will impact Adani’s future plans and growth trajectory.
Tags:
Adani, Wilmar Joint Venture, FMCG company, Adani Wilmar, $2 billion deal, Adani Group, Wilmar International, Adani Wilmar sell-off, Adani Group FMCG division, strategic partnership exit
#Adani #exit #Wilmar #Joint #Venture #sell #FMCG #company #billionA Feral & Delectable Venture Into Motherhood
Feral yet oddly beautiful, the Amy Adams-starring Nightbitch takes animal imagery to the next level. The film is a mix of magical realism, satire with touches of mystery and thriller. This wild and fun ride into femininity, motherhood and marriage is complete with its try at a Barbie-level monologue on the woes of being a woman.
★★★☆☆
Nightbitch follows a stay-at-home mum whose frustrations with her adorable yet misbehaving son, the loss of her career, and her constantly absent and needy husband, start to materialise in a more physical and animalistic manner. It’s open to interpretation whether or not this slow transformation is truly happening or purely a symbolic sensation. Regardless, she must find a way to quiet these raging emotions – as women are usually forced to do.
Nightbitch is sparse in exciting events and simple in its premise. The themes, however, are abundant. It tries to tackle nuances in the feminine experience, especially regarding motherhood, marriage and the divide in the role of husband and wife. The most interesting exploration of all, and the one with the most potential, is parenthood and its sacrifices. It touches on how individuals might navigate through that loss and regret.
The picture excels the most in its implementation of thriller and horror aspects to sell the transformation. One can argue that this ambiguity lacks the same commitment of the novel. But it’s the blurring of lines between reality, magic and the slow mind-breaking of the mother that truly makes the premise work when adapted for the screen. It’s very much similar to what Jason Yu has done earlier in the year with his debut film Sleep. Yu uses these same thriller and horror elements in his film to highlight a divide between science-backed causes for sleepwalking and the more abstract and superstitious aspects of the paranormal.
Marielle Heller does something similar with Nightbitch. She applies these jump-scare, body horror and mystery tactics to mundane and everyday activities of a mother and son to emphasise the mother’s plights with her current role as a stay-at-home mum. Her loss of identity, her struggle with motherhood, and her regret over the dreams she left behind are all abstractly displayed through the physical manifestations of hair, multiple nipples, and animal carcasses. These moments of excellence within the film, however, falter in the face of patronising over-explanations of the hardships of womanhood.
One of the most beloved parts of Barbie is America Ferrera’s monologue on women. Adams’ speech in Nightbitch attempts to emulate a similar effect. In Barbie, the monologue serves the purpose of showcasing not just the struggles of women. It’s to elucidate all the different ways a woman can be, breaking constraints often imposed upon them. While not exceptionally perfect by any means, it does work to some extent. The reason mainly comes down to the film’s ending which reveals Barbie’s dream to become a mother. Pairing that with Ferrera’s monologue emphasises women as more than just one thing: they can be strong, rebellious and fight for their world, while also wanting to be a mother and have a family of their own. Oftentimes, the two concepts above are presented as oppositions of each other when they don’t have to be mutually exclusive.
The speech in Nightbitch on the other hand comes across as an empty rally. It points out all the different struggles of womanhood while affirming women as amazing because of their ability to overcome these struggles. But ultimately, the speech results in no greater impact on the rest of the film. It’s just another statement that has been said before. It adds nothing new to the film or the conversation about motherhood and femininity. Couple this sentiment with the lacklustre use of internal monologue in which the mother constantly voices her disdain for the people around her and the struggles she faces – further exposing her hypocrisy – it makes for a very superficial tackling of the themes.
The Verdict
The mix of different genres is a sensory treat for the viewers with plenty of comedic beats and the constant back and forth between reality and possible hallucinations delivers quite an amusing journey overall. While Nightbitch does try to tackle some very important topics, it never truly does justice to any of them. The picture adds no further nuance to discussions regarding the sacrifices of parenthood, which is a disappointing feat for such an interesting subject matter, nor does it say anything new about the struggles of being a woman and a mother. Still, imperfect in many ways, one thing Nightbitch is not is boring. Lacklustre in its thematic execution, Nightbitch is still a fun and delectable performance by Adams, boasting her charm and an enjoyable eccentricity that makes this book-to-film adaptation work.
Words by Mae Trumata
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Motherhood is a wild and untamed journey, much like a feral creature roaming through the forest. It is a venture filled with unpredictability, challenges, and moments of pure magic.From the moment your little one enters the world, you are thrust into a world of instinctual love and fierce protection. You navigate the wilderness of sleepless nights, endless diaper changes, and the never-ending cycle of feeding and soothing.
But amidst the chaos, there are moments of pure bliss. The first time your baby smiles up at you, the sound of their laughter filling the room, and the feeling of their tiny hand wrapped around your finger. These moments are like precious jewels, rare and exquisite in their beauty.
As you journey deeper into motherhood, you find yourself tapping into a well of strength you never knew you had. You become a fierce protector, a nurturing caregiver, and a source of endless love for your little one.
Motherhood is a delectable adventure, full of ups and downs, twists and turns. It is a journey that will test you, challenge you, and ultimately transform you into the best version of yourself.
So embrace the wildness, relish in the chaos, and savor every moment of this feral and delectable venture into motherhood. It may be messy, it may be challenging, but it is also the most rewarding and fulfilling experience you will ever have.
Tags:
- Motherhood journey
- Feral motherhood
- Delectable motherhood
- Motherhood adventure
- Motherhood experiences
- Parenting experiences
- Motherhood joys
- Motherhood challenges
- Motherhood reflections
- Motherhood bonding
#Feral #Delectable #Venture #Motherhood
18 Inch Black Alloy Wheel Rim for Chevrolet Venture, RTX 82877 18×8 5×114.3 5Lug
18 Inch Black Alloy Wheel Rim for Chevrolet Venture, RTX 82877 18×8 5×114.3 5Lug
Price : 354.09
Ends on : N/A
View on eBay
Looking to upgrade the look of your Chevrolet Venture? Check out this sleek 18 Inch Black Alloy Wheel Rim from RTX!The RTX 82877 features a bold black finish that will make your vehicle stand out on the road. With a size of 18×8 and a 5×114.3 bolt pattern, this wheel is designed to fit perfectly on your Chevrolet Venture.
Not only does this wheel look great, but it also offers high performance and durability. The 5-lug design provides added strength and stability, ensuring a smooth and safe ride for years to come.
Don’t miss out on this opportunity to enhance the appearance of your Chevrolet Venture with the RTX 82877 18 Inch Black Alloy Wheel Rim. Upgrade your ride today!
#Inch #Black #Alloy #Wheel #Rim #Chevrolet #Venture #RTX #18×8 #5×114.3 #5Lug, RTXVenture Commercial Series Mini DC Acme Screw Actuator Gear Ratio 10:1 24VDC
Venture Commercial Series Mini DC Acme Screw Actuator Gear Ratio 10:1 24VDC
Price :350.95– 175.48
Ends on : N/A
View on eBay
Introducing the Venture Commercial Series Mini DC Acme Screw Actuator with a gear ratio of 10:1 and operating at 24VDC! This compact and efficient actuator is perfect for a wide range of commercial applications, providing precise and reliable linear motion control.With its durable construction and high-quality materials, this actuator is built to last in even the most demanding environments. The 10:1 gear ratio ensures smooth and consistent performance, while the 24VDC power supply offers versatile and reliable operation.
Whether you need to automate a door, gate, or other moving component, the Venture Commercial Series Mini DC Acme Screw Actuator is the perfect solution. Trust in its performance and durability to keep your commercial operations running smoothly.
#Venture #Commercial #Series #Mini #Acme #Screw #Actuator #Gear #Ratio #24VDC, Actuator