LNG Terminal Company Excelerate Rises After $384 Million IPO
04.18.2022 - NEWS

April 18, 2022 [Bloomberg] – Excelerate Energy’s listing is biggest in U.S. in three months

 

Albania floating plants planned as Euope seeks new gas sources

LNG terminal company Excelerate Energy Inc. rose 12% in its trading debut after raising $384 million in the biggest U.S. initial public offering since January.

Shares of Excelerate, which operates floating offshore storage and re-gasification terminals, closed Wednesday at $26.85, giving the company a market value of about $2.8 billion based on the outstanding shares listed in its filings with the U.S. Securities and Exchange Commission.

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