Nuclear reactor designer X-Energy files for proposed Nasdaq IPO By Investing.com

X-Energy has on Wednesday filed for a proposed Nasdaq IPO under the ticker "XE."

The company describes itself as: "X-energy is a leading designer of advanced nuclear reactor technology (commonly referred to as small modular reactors, "SMRs") and manufacturer of advanced nuclear fuels. We believe these scalable, power generation technologies help satisfy historically unprecedented electricity demand growth, driven by the development of AI and associated data center infrastructure. Total demand for new electricity generation is expected to increase globally by 7,626 TWh from 2023 to 2030 and the challenges associated with meeting this demand have led policymakers and industry leaders to recognize nuclear energy, particularly advanced nuclear, as a key component to address this need."

J.P. Morgan, Morgan Stanley, Jefferies, and Moelis & Company will serve as lead underwriters. Cantor, UBS Investment Bank, TD Securities, Guggenheim Securities, and Wolfe | Nomura Alliance are also among underwriters.