Venture Global is a pure-play liquified natural gas company. It is the second-largest LNG exporter in the U.S. behind Cheniere. Venture is the first major IPO under the Trump administration. Shares closed 4% lower at $24,

Venture Global is the second-largest exporter of liquefied natural gas, or LNG, in the United States, and one of Trump's first moves after his inauguration was to sign an executive order to end a moratorium on new LNG export permits, which clears an obstacle to Venture Global's expansion plan.

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