"The Trump administration has made very clear they support growing LNG exports," Venture CEO Mike Sable told CNBC in an interview Friday.

Venture Global's IPO represents a test for investor appetite for fossil fuel projects in the Trump administration.

The energy company raised $1.75 billion by pricing 70 million shares at $25, the middle of its reduced $23 to $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.

Shares of liquefied natural gas exporter Venture Global finished Friday's first day of trading below their initial public offering price of $25 per share.

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

Venture Global LNG on Wednesday slashed the valuation it sought from a U.S. initial public offering to $65.33 billion, significantly lower than the initial target of $110 billion.

At $23 a share — the new low end of Venture Global’s IPO price range — the company would be valued at about $56bn, on par with Cheniere Energy, the largest LNG producer and exporter in the US.

Venture Global LNG has successfully raised $1.75 billion through its U.S. IPO after pricing 70 million shares at $25 each. The offering was adjusted from an initial plan of 50 million shares priced at $40 to $46 to

VENTURE Global raised US$1.75 billion in its initial public offering (IPO), pricing its shares in the middle of a marketed range. Read more at The Business Times.

LNG exporter Venture Global nearly halved the price per share, while increasing the number of shares it expects to offer.