Gas group Excelerate (US.EE) floats as Ukraine war reshapes supply map
The Texas-based liquefied natural gas company, controlled by billionaire oilman George Kaiser, raised $384mn in an initial public offering on Wednesday, valuing the company at about $2.5bn. The deal was the first oil and gas IPO in more than a year.
Shares opened at $28.20, 18 per cent above the offering price of $24, which was already at the top of the companyâs target range. 
Excelerate, which will list on the New York Stock Exchange, owns a fleet of 10 floating storage and regasification units (FSRUs), about 20 per cent of all such vessels.
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