The exchange welcomed Venture Global to the NYSE community in a social media post on Friday.
Shares of Venture Global closed on the first day of trading below their initial public offering (IPO) price of $25 per share.
Venture Global’s shares closed at $24, 4 percent below the IPO price.
The company announced on Thursday the pricing of its IPO of 70 million shares of its Class A common stock, par value $0.01 at a public offering price of $25 per share.
Venture Global raised $1.75 billion in its IPO.
The company initially planned to offer 50 million of its Class A common stock priced between $40 and $46 each, seeking to raise up to $2.3 billion, while it targeted up to $110.4 billion valuation.
Earlier last week, Venture Global slashed the targeted price range for its IPO.
Based on the outstanding shares listed in the IPO, Venture Global’s market value is about $58 billion.
Last month, Venture Global filed for the IPO. The company also revealed plans to boost its export capacity to 104.4 mtpa via five projects by 2034.
Venture Global’s founders, Robert Pender and Michael Sabel, control Venture Global Partners II, or VG Partners, which is the company’s controlling stockholder.
Prior to this offering, VG Partners owned about 84 percent of all series of Venture Global’s common stock outstanding.
