The LNG producer plans to listing its Class A standard shares below the image “VG” on NYSE, the corporate’s submitting confirmed.
In November, Reuters reported that the Arlington, Virginia-based firm was planning to lift about $3 billion from its IPO in New York.
Chilly storage large Lineage’s $4.44 billion New York IPO in July and Hyundai Motor India’s $3.33 billion Mumbai IPO final month have been two of the biggest listings this yr, LSEG information confirmed.
The corporate plans to make use of a part of the proceeds for common enterprise functions, together with funding its operations. After the IPO, Enterprise’s founders and co-chairmans, Robert Pender and Michael Sabel, will proceed to carry greater than 50% of voting energy by way of their entity Enterprise International Companions II, LLC, the corporate stated in its submitting. Sabel can also be the corporate’s CEO. It stated Goldman Sachs & Co., J.P. Morgan, BofA Securities, ING, RBC Capital Markets, Scotiabank and Mizuho are among the many underwriters for the IPO, in response to the submitting. Based 11 years in the past, Enterprise International has already rocketed into the highest ranks of U.S. pure fuel exporters, competing towards bigger rivals Cheniere Power, Freeport LNG and Sempra.
Enterprise International has two working crops in Louisiana, with its second facility at Plaquemines attaining its first LNG manufacturing simply final week.
The corporate reported revenues of $3.45 billion for the 9 months ended Sep 30, in contrast with $6.27 billion, a yr earlier.
