Venture Global LNG revises price range on blockbuster IPO

By Echo Wang

Jan 21 (Reuters) - Venture Global LNG is preparing to revise its proposed price range for its blockbuster initial public offering, while also raising the number of shares it may sell to investors, according to a source familiar with the matter on Tuesday.

The company is considering a new price range of between $32 and $38 per share, versus its initial guidance of between $40 and $46 per share.

It may now also sell as many as 62 million shares in the proposed New York stock market flotation, compared with its original plan of 50 million shares.

The source spoke on condition of anonymity to discuss confidential deliberations.

(Reporting by Echo Wang in Davos; Writing by David French in New York; Editing by Sandra Maler)

((davidj.french@thomsonreuters.com;))