Venture Global launched its initial public offering with a lofty goal: Raise up to $2.3 billion at a $110 billion valuation in the biggest stock-market debut since summer. The market had different plans.

The transaction values the LNG company at $60 billion, instantly making it one of the largest U.S. energy businesses.

Venture Global Inc. shares slipped 3.8% in the natural gas exporter’s debut as a public company, after slashing its price target ahead of its IPO.

Energy company Venture Global prices 70 million shares at $25 — the middle of its reduced $23-$27 price range.

Liquefied natural gas exporter Venture Global said on Thursday it had raised $1.75 billion, marking the first big initial public offering of President Donald Trump's second term as investors bet on his plan to boost U.

Venture Global Inc. shares are indicated to open as much as 6% above their IPO price, after the natural gas exporter raised $1.75 billion in its first-time share sale.

Venture Global is now seeking a more reasonable valuation of about $65 billion, versus earlier plans for about $110 billion.

Venture Global LNG was forced to nearly halve the valuation it is seeking in its U.S. initial public offering (IPO) after investors balked at the company's estimated long-term profit for liquefying gas for export,

Venture Global slashes IPO valuation by 40%, facing investor concerns over long-term profit outlook for LNG production.