LNG Firm Venture Global Gets $1.75 Billion in Downsized IPO (1)

Venture Global Inc. raised $1.75 billion in its initial public offering, pricing its shares in the middle of a marketed range.

The Arlington, Virginia-based company sold 70 million shares for $25 each, according to a statement.

The pricing gives the company a market value of $60.5 billion, based on the number of outstanding shares listed in an earlier filing, well below its original target of $110 billion. Including employee stock options, the company has a fully diluted value of more than $65 billion.

Venture Global on Wednesday slashed the price range for the IPO by more than 40% ...