Even so the deal solidifies Venture Global’s place in the public markets with an impressive $50 billion market cap. And it underscores a real feat of wealth creation on the part of cofounders Robert Pender and Mike Sabel, whose holdings in Venture Global now amount to $20 billion, each.

Venture Global, the second-largest exporter of liquefied natural gas in the United States, has raised $1.75 billion, marking the first

The energy company raised $1.75 billion by pricing 70 million shares at $25, the middle of its reduced $23 to $27 price range.