Venture Global LNG was forced to nearly halve the valuation it is seeking in its U.S. initial public offering (IPO) after investors balked at the company's estimated long-term profit for liquefying gas for export,

Venture Global Inc. slashed the marketed range for its initial public offering, lowering the market value it could fetch.

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