X-Energy IPO expected to price above marketed range on Thursday By Investing.com

Investing.com -- X-Energy Inc.'s initial public offering is set to price above its marketed range of $16 to $19 per share, Bloomberg reported Thursday.

The Amazon.com (NASDAQ:AMZN)-backed nuclear small modular reactor developer's offering is scheduled to price later Thursday, according to the report.

The IPO is double-digits oversubscribed with significant demand from long-only, energy-dedicated and existing investors, people familiar with the matter said.

Management will be heavily involved in allocating the shares and will prioritize existing relationships, the people added.

The company intends to list on the Nasdaq Stock Market under the ticker XE.

JPMorgan Chase, Morgan Stanley, Jefferies Financial Group and Moelis & Co. are among the banks working on the offering.

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