News & Updates
The latest news and updates from companies in the WLTH portfolio.
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. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Flurry of US IPOs Race to Tap Market Ahead of SpaceX Debut
The pickup in IPOs this month has raised $5.4 billion, and newly-public companies have sparked excitement across Wall Street with a weighted-average return for the year's US IPO class of 21%. The US IPO market has gone from desolate to bustling in a matter of weeks, with companies looking to raise as much as $17.3 billion this month alone and capitalize on stocks' resilience. Debuts in the coming weeks are set to raise billions of dollars as companies look to go public before what's expected to be the market's biggest event of the year: SpaceX's record-breaking initial public offering, which Elon Musk's firm is planning for June. "If I'm any company and I want to have a chance of attracting investors that invest in IPOs, I'd probably rather do it before that deal comes," said Bob Doll, chief executive officer of Crossmark Global Investments. With the Iran war still harboring the potential to throw equities into a tailspin, and financial statements for companies seeking to go public needing a refresh later in May, IPO candidates appear to have decided there's no time like the present. Get the Markets Daily newsletter. Get the Markets Daily newsletter. Get the Markets Daily newsletter. What's happening in stocks, bonds, currencies and commodities right now. What's happening in stocks, bonds, currencies and commodities right now. What's happening in stocks, bonds, currencies and commodities right now. Plus Signed UpPlus Sign UpPlus Sign Up By continuing, I agree to the Privacy Policy and Terms of Service. The pickup in IPOs this month has raised $5.4 billion, and newly-public companies sparked excitement across Wall Street when they started making people money again. The weighted-average return for the year's US IPO class, excluding blank-check vehicles and closed-end funds, has jumped to 21% from just 4.6% about a week ago, data compiled by Bloomberg show. That outpaces a 4.2% return for the benchmark S&P 500 Index. Companies have been deploying several strategies to increase the likelihood their IPOs will succeed, including lining up so-called cornerstone investors, offering a smaller pool of shares in the deal and starting with attractive discounts to publicly-listed peers. "There's been a lot more price discipline," said Dan Klausner, head of US public equity advisory at Houlihan Lokey Inc. "And success begets success, where if you have a peer that prices and trades well it becomes appealing to go at a reasonable discount." This week's expected IPOs are seeking to raise nearly $2 billion in aggregate. X-Energy Inc., a nuclear energy firm that counts Amazon.com Inc. as a backer, is targetingBloomberg Terminal $814 million. The deals would build on what's been the busiest month for bankers since December saw roughly $8.8 billion raised, primarily driven by Medline Inc.'s blockbuster debut. "We have four IPOs in market slated to price this week, and eight additional IPOs publicly filed last week -- so with continued strength in equity markets, we expect ECM to remain highly active in the near term," said Sumit Mukherjee, head of equity capital markets intelligence at JPMorgan Chase & Co. Read more on IPOs: For the latest news on equity capital markets activity in the US, Canada and Latin America, follow the channel or visit NI BFWECMUS. To subscribe to ECM Watch, Bloomberg's daily roundup of news from around the region, click here. The IPO of billionaire Bill Ackman's closed-end fund and his hedge fund will test the appetite of retail investors as it seeks to raise as much as $10 billion. The IPO is scheduled to price on April 28. The success of the coming deals will shape the landscape for more than a dozen other companies waiting in the wings to price IPOs from artificial intelligence chipmaker Cerebras Systems Inc. to Blackstone Inc.'s data-center acquisition vehicle. Both are expected to target at least $2 billion each, which would deliver consecutive months of notable IPO activity before SpaceX's likely record-setting debut.
IPO News: X-Energy's $936 Million IPO Eyes Energy Boom, NHP's $708 Million Issue Gains Attention
This week's IPO activity shows that while technology often steals the headlines, the backbone of the economy, energy, healthcare, and construction, remains the primary focus for new capital. X-Energy offers a path for those interested in the future of the power grid. Meanwhile, NHP provides a more traditional, asset-heavy play tied to the real-world needs of an aging society. BW Industrial highlights the ongoing re-shoring trend as more manufacturing moves back to the US. For traders and investors, these filings provide a clear look at the sectors expected to drive the next decade of economic expansion. Keep a close eye on these IPOs as they hit the exchanges. Also Read: Aevex Shares Jump 35% After $320 Million IPO Debut on the NYSE The latest IPO news highlights three companies preparing to go public in the US market. These include X-Energy, which focuses on advanced nuclear reactors, National Healthcare Properties, a healthcare real estate trust, and BW Industrial Holdings, an EPC services firm. Each company is entering the market with a different growth story, offering investors a mix of high-growth and stable investment options. 2. What does X-Energy do? X-Energy develops small modular nuclear reactors and advanced fuel technology. Its main product, the Xe-100 reactor, is designed to generate electricity and heat with better safety and lower emissions. The company is focused on meeting rising global energy demand, especially from AI data centers and industrial users that require stable and clean power sources. 3. What is National Healthcare Properties' IPO about? National Healthcare Properties is a real estate investment trust that owns senior housing and outpatient medical facilities across the United States. Its IPO aims to raise funds to expand its property portfolio and improve its management platform. The company benefits from the growing demand for healthcare services as the US population continues to age. 4. What does BW Industrial Holdings do? BW Industrial Holdings Inc. provides engineering, procurement, and construction services for industries like semiconductors, renewable energy, and battery manufacturing. It helps companies set up and expand manufacturing units in the US. The firm is also working to secure government contracts, which could support future growth. 5. What are some of the best upcoming IPOs? These IPOs give investors access to key sectors driving future growth, including clean energy, healthcare infrastructure, and industrial expansion. X-Energy offers exposure to next-generation energy solutions, NHP provides stable income potential through real estate, and BW Industrial reflects growing manufacturing activity in the US. Together, they show where long-term capital is likely to flow.
Solorz Eyes Nuclear Project With X-Energy After Meeting Trump
, the Polish tycoon who recently lost control of his sprawling business empire to his children, is planning a return to the energy sector through a nuclear power partnership with U.S.-based The 69-year-old businessman outlined his plans in an interview with Rzeczpospolita, following an April 10 meeting with U.S. President . According to reports, the discussion focused on potential cooperation in energy, artificial intelligence and space. Solorz said he intends to acquire a stake in X-Energy through its . He has reached an agreement with the company's founder,
Latham-Led Nuclear Power Supplier X-Energy Eyes $750M IPO
Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions. A Law360 subscription includes features such as * Daily newsletters * Expert analysis * Mobile app * Advanced search * Judge information * Real-time alerts * 450K+ searchable archived articles And more! Experience Law360 today with a free 7-day trial.
Latham-Led Nuclear Power Supplier X-Energy Eyes $750M IPO
Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions. A Law360 subscription includes features such as * Daily newsletters * Expert analysis * Mobile app * Advanced search * Judge information * Real-time alerts * 450K+ searchable archived articles And more! Experience Law360 today with a free 7-day trial.
Latham-Led Nuclear Power Supplier X-Energy Eyes $750M IPO
Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions. A Law360 subscription includes features such as * Daily newsletters * Expert analysis * Mobile app * Advanced search * Judge information * Real-time alerts * 450K+ searchable archived articles And more! Experience Law360 today with a free 7-day trial.
NEWS: Amazon-backed X-energy files to raise up to $800M in IPO
The company is setting a target price range of $16-$19/share. So far, investors have poured roughly $1.8B into X-energy to date, per PitchBook. Amazon, its biggest backer, led a $500M funding round and has pledged to purchase up to 5 GW of the startup's nuclear power by 2039. The tech: X-energy's reactor is a high-temp gas-cooled design that uses TRISO fuel -- uranium placed in spheres of ceramic and carbon, cooled by helium gas. No SMR startup has actually built a power plant yet, but several are working toward a July 4 criticality deadline set by the White House.
Bezos Just Reshaped The Space Market -- Now He's Going Atomic With X‑Energy's IPO - Amazon.com (NASDAQ:AMZ
Amazon Goes Nuclear In 2024, Amazon invested $500 million in a Series C-1 funding round for X-energy, a nuclear startup. X-energy, which is working on developing small modular nuclear reactors (SMRs) is gearing up for an IPO that could see the company raise over $800 million, as reported by TechCrunch. The IPO could put nuclear stocks in the spotlight once again and also highlight Amazon's stake in the company and partnership. According to TechCrunch, Amazon is one of the biggest backers of X-energy thanks to its early investment. X-energy has raised a total of around $1.8 billion and previously tried to go public via SPAC merger, before the deal was called off in 2023. New nuclear reactors have become a big topic as the United States looks for more energy sources to power big data centers and the growing demand for AI. X-energy is one of several companies in the race to try and build new nuclear power plants. Amazon has a deal in place to buy up to 5 gigawatts of nuclear power from X-energy by the year 2039. The ecommerce giant also has deals in place with Energy Northwest and Dominion Energy for future nuclear power. Growing Beyond Ecommerce Along with being an ecommerce powerhouse, Amazon has diversified its offerings to include streaming, consumer products, satellites and cloud services. Amazon has become one of the biggest spenders on data centers in recent years, betting on future energy demand for its AI products and cloud computing needs. That deal is expected to boost Amazon's presence in satellites and be a bigger competitor to Starlink. Amazon is expected to grow its internet and mobile offerings in the future after the acquisition is completed. After being categorized as a cloud and AI growth stock in 2025, Amazon could see investors bet on its exposure to space and nuclear power in 2026. Image via Shutterstock Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.
Amazon backed nuclear startup X-Energy to raise up to $800 million in IPO
Amazon-backed X-Energy is targeting a valuation of up to $7.51 billion in its initial public offering in the United States, according to the company. The IPO roadshow launch coincides with the S&P 500 reaching record closing highs, driven by strong corporate earnings and optimism in U.S.-Iran negotiations. "We've seen the IPO window slam shut before, so when companies see an opportunity, they take it," said Matt Kennedy, senior strategist at Renaissance Capital, a provider of IPO-focused research and ETFs. Amazon is one of X-Energy's biggest backers, with the tech giant leading a $500 million Series C-1 round and pledging to buy as much as 5 gigawatts of nuclear power from the company by 2039. READ: Amazon to buy Globalstar for $11.57 billion to expand satellite network (April 14, 2026) The IPO is bound to come as a relief to X-Energy's investors, who have invested about $1.8 billion into the company, according to PitchBook. The company had previously tried to go public via a reverse merger with a special purpose acquisition company, but this deal got cancelled in 2023. X-Energy's reactor is what's known as a high-temperature, gas-cooled reactor. It has uranium inside, encased in spheres of ceramic and carbon is cooled by helium gas. The gas then transfers heat to a steam turbine loop to generate electricity. The fuel design, known as TRISO, is expected to be safer than previous fuel arrangements, though it's not widely used today. X-Energy expects that by the time its reactor production techniques are mature -- what experts call "Nth-of-a-kind" -- it will be able to bring costs down by 30% relative to the first-of-a-kind. X-Energy said in its SEC filing that it's already embroiled in a patent dispute with another company that recently went bankrupt. Ultra Safe Nuclear Corporation (USNC) went bankrupt in 2024, and its assets were purchased in bankruptcy to form Standard Nuclear. READ: Amazon rolls out one-hour and three-hour shipping services in US (March 17, 2026) X-Energy claims that USNC infringed on its fuel fabrication patents and that the matter hasn't been resolved to its satisfaction during the course of the bankruptcy proceedings. This comes during a time when tech companies are taking an increasing interest in nuclear companies, as they seek out energy sources to power AI data centers. Morgan Stanley reports global electricity demand is projected to rise more than 1 trillion kWh annually through 2030, with data centers anticipated to contribute nearly 20% of this growth. Cathie Wood's ARK Investment Management and its affiliated entities have indicated an interest in purchasing up to $105 million of shares from X-Energy's offering. J.P. Morgan, Morgan Stanley, Jefferies, and Moelis are acting as the lead joint book-running managers. X‑Energy will list on the Nasdaq under the symbol "XE".
Amazon Backed X-Energy Targets $800 Million IPO
This article first appeared on GuruFocus. Amazon (NASDAQ:AMZN) backed X-Energy is heading back to the public markets, this time aiming to raise up to $800 million as demand for power, especially from AI, keeps climbing. The plan is to sell around 42.9 million shares priced between $16 and $19, which would bring in roughly $814 million at the top end and put the company's valuation near $7.5 billion. What makes this story interesting is the timing. X-Energy is building small modular reactors and advanced nuclear fuel, right as data centers and electrification trends are driving a surge in electricity demand. Amazon has already backed the company with a $500 million investment and even committed to buying up to 5 gigawatts of power through 2039, which gives the business a clear long term customer. This IPO also feels like a second chance. X-Energy had tried to go public through a SPAC in 2023 but pulled back when market conditions turned. Now, with stronger interest in AI infrastructure, the setup looks different. Big banks like JPMorgan and Morgan Stanley are leading the deal, and Cathie Wood's firm is considering up to $105 million in shares.
X-energy targets IPO up to $814M to deploy Amazon-backed nuclear reactors -- TFN
Nuclear reactor developer X-energy is targeting up to $814 million in IPO as it pushes to commercialise its small modular reactor technology, reports Tech Crunch. The Rockville, Maryland-based company is offering 42.86 million Class A shares at $16 to $19 each. At the top of that range, the offering raises roughly $750 million, and up to $814 million if underwriters exercise their full 30-day option on an additional 6.4 million shares. The stock is set to trade on the Nasdaq Global Select Market under the ticker "XE." J.P. Morgan, Morgan Stanley, Jefferies, and Moelis & Company are the lead book-running managers, alongside Cantor Fitzgerald, UBS, TD Securities, Guggenheim Securities, and Nomura. X-energy builds the Xe-100, a pebble-bed small modular reactor designed to be manufactured in standardised units rather than custom-built on-site. The company reported $109 million in revenue for the 12 months to December 31, 2025, and has secured contracts with Amazon and Dow Chemical. The filing is subject to SEC approval. X-energy first submitted confidentially to the SEC in November 2025, making the registration public in March 2026.
X-Energy - No2NuclearPower
X-Energy, Inc. ("X-energy"), a leader in advanced nuclear reactor and fuel technology, today announced the launch of the roadshow for its initial public offering ("IPO") of 42,857,143 shares of its Class A common stock. In connection with the offering, X-energy expects to grant the underwriters a 30-day option to purchase up to an additional 6,428,571 shares of Class A common stock. The IPO price is expected to be between $16.00 to $19.00 per share. X-energy's Class A common stock has been approved for listing, subject to official notice of issuance, under the ticker symbol "XE" on the Nasdaq Global Select Market.
Amazon-backed nuclear startup X-energy files for an IPO
X-energy is targeting a share price of $16-$19, which at the high end values the IPO at around $814M. Amazon led a $500M round and has committed to buying up to 5GW of nuclear power from the company by 2039. X-energy, an Amazon-backed nuclear reactor startup, has begun its investor roadshow and filed IPO documents with the US Securities and Exchange Commission, targeting a price of $16 to $19 per share. At the high end of the range, the IPO could net approximately $814 million. The company has raised around $1.8 billion in total from investors to date, according to PitchBook. X-energy builds high-temperature, gas-cooled nuclear reactors. Its fuel design, known as TRISO, encases uranium in spheres of ceramic and carbon cooled by helium gas, which then transfers heat to a steam turbine to generate electricity. The design is considered safer than previous fuel arrangements because TRISO pellets cannot melt and retain their structural integrity in extreme heat. Amazon has been among X-energy's most significant backers, leading a $500 million Series C-1 round and committing to purchase as much as five gigawatts of nuclear power from the company by 2039, a contract that underpins X-energy's commercial case significantly. The IPO comes at a moment of renewed momentum for nuclear power in the United States, driven in large part by the electricity demands of AI data centres and broad societal electrification. None of the small modular reactor startups currently in development have built a working power plant yet, though several are working toward a July 2026 deadline set by the Trump administration. The path to the IPO has not been entirely smooth for X-energy: the company had previously attempted to go public via a reverse merger with a SPAC, but cancelled that deal in October 2023 as the SPAC market contracted. X-energy's SEC filing also discloses an ongoing patent dispute with Standard Nuclear, which emerged from the assets of bankrupt startup Ultra Safe Nuclear Corporation, relating to fuel fabrication patents that X-energy alleges were infringed.
X-Energy files for 42.86M share IPO at $16-$19/sh By Investing.com
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Amazon-backed X-energy files to raise up to $800M in IPO - RocketNews
Nuclear startup X-energy began its investor roadshow Wednesday as it works toward its IPO, setting its target price between $16 and $19 per share, according to documents filed with the U.S. Securities and Exchange Commission. If it lists at the high end, the startup could net about $814 million. X-energy and its peers have been riding a renewed wave of interest in fission power as demand for electricity has surged on the back of AI data centers and societywide electrification. Amazon is one of X-energy's biggest backers. The tech giant led a $500 million Series C-1 round and has pledged to buy as much as 5 gigawatts of nuclear power from the company by 2039. The IPO is sure to come as a relief to X-energy's investors, which have put about $1.8 billion into the company, according to PitchBook. The startup had previously attempted to go public via reverse merger with a special purpose acquisition company, but the two parties canceled the deal in 2023 as the SPAC craze petered out. X-energy's reactor is what's known as a high-temperature, gas-cooled reactor. Inside, uranium encased in spheres of ceramic and carbon is cooled by helium gas. The gas then transfers heat to a steam turbine loop to generate electricity. The fuel design, known as TRISO, is expected to be safer than previous fuel arrangements, though it's not widely used today. The startup said in its SEC filing that it's already embroiled in a patent dispute with another company that recently went bankrupt. Ultra Safe Nuclear Corporation (USNC) went bankrupt in 2024, and its assets were purchased in bankruptcy to form Standard Nuclear. X-energy alleges that USNC infringed on its fuel fabrication patents and that the matter hasn't been resolved to its satisfaction during the course of the bankruptcy proceedings. Outside of China, development of new nuclear reactors has all but stalled, stymied by delays and cost overruns. A new breed of startups hopes that by shrinking reactors, they'll be able to overcome some of the challenges that have beset traditional designs. None of the small modular reactor startups have built a power plant yet, though several are racing to meet a deadline of July 4 set by the Tr ...
Amazon-backed X-energy Files To Raise Up To $800m In Ipo
Amazon-backed X-energy files to raise up to $800M in IPO - BERITAJA is one of the most discussed topics today. In this article, you will find a clear explanation, key facts, and the latest updates related to this topic, presented in a concise and easy-to-understand way. Read more news on Beritaja. Nuclear startup X-energy began its investor roadshow Wednesday arsenic it useful toward its IPO, mounting its target value betwixt $16 and $19 per share, according to documents filed pinch the U.S. Securities and Exchange Commission. If it lists astatine the precocious end, the startup could nett $814.3 million. X-energy and its peers person been riding a renewed activity of liking successful fission powerfulness arsenic request for energy has surged connected the backmost of AI information centers and society-wide electrification. Amazon is 1 of X-energy's biggest backers. The tech elephantine led a $500 cardinal Series C-1 information and has pledged to bargain as overmuch arsenic 5 gigawatts of atomic powerfulness from the institution by 2039. The IPO is judge to travel arsenic a alleviation to X-energy's investors, which person put about $1.8 cardinal into the company, according to PitchBook. The startup had antecedently attempted to spell nationalist via reverse merger pinch a typical intent acquisition company, but the 2 parties canceled the deal successful 2023 arsenic the SPAC craze petered out. X-energy's reactor is what's known arsenic a high-temperature, gas-cooled reactor. Inside, uranium encased successful spheres of ceramic and c is cooled by helium gas. The state past transfers power to a steam turbine loop to make electricity. The substance design, known arsenic TRISO, is expected to beryllium safer than erstwhile substance arrangements, though it's not wide utilized today. The startup said successful its SEC filing that it's already embroiled successful a patent conflict pinch different institution that precocious went bankrupt. Ultra Safe Nuclear Corporation (USNC) went bankrupt successful 2024, and its assets were purchased successful bankruptcy to shape Standard Nuclear. X-energy alleges that USNC infringed connected its substance fabrication patents and that the matter hasn't been resolved to its restitution during the people of the bankruptcy proceedings. Outside of China, improvement of caller atomic reactors has each but stalled, stymied by delays and costs overruns. A caller breed of startups hopes that by shrinking reactors, they'll beryllium capable to flooded immoderate of the challenges that person beset accepted designs. None of the mini modular reactor startups person built a powerfulness works yet, though respective are racing to meet a deadline of July 4 group by the Trump administration. While galore mightiness miss the arbitrary deadline, they're still apt to execute criticality, the infinitesimal erstwhile fission reactions go self-sustaining. But the roadworthy from criticality to profitable powerfulness plants is apt to beryllium long. Mass manufacturing could thief bring costs down, but it usually takes around a decade for the process to commencement paying dividends. What's more, the number of reactors these companies are readying to build mightiness beryllium much than different companies person attempted, but it mightiness not beryllium precocious capable to reap the existent benefits of wide manufacturing. X-energy expects that by the clip its reactor accumulation techniques are mature -- what experts telephone "Nth-of-a-kind" -- it will beryllium capable to bring costs down by 30% comparative to the first-of-a-kind. Investors should salary adjacent attraction to really overmuch that first reactor costs. It could make aliases break the company's prospects.
Amazon-backed X-energy files to raise up to $800M in IPO | TechCrunch
Nuclear startup X-energy began its investor roadshow Wednesday as it works toward its IPO, setting its target price between $16 and $19 per share, according to documents filed with the U.S. Securities and Exchange Commission. If it lists at the high end, the startup could net $814.3 million. X-energy and its peers have been riding a renewed wave of interest in fission power as demand for electricity has surged on the back of AI data centers and society-wide electrification. Amazon is one of X-energy's biggest backers. The tech giant led a $500 million Series C-1 round and has pledged to buy as much as 5 gigawatts of nuclear power from the company by 2039. The IPO is sure to come as a relief to X-energy's investors, which have put about $1.8 billion into the company, according to PitchBook. The startup had previously attempted to go public via reverse merger with a special purpose acquisition company, but the two parties canceled the deal in 2023 as the SPAC craze petered out. X-energy's reactor is what's known as a high-temperature, gas-cooled reactor. Inside, uranium encased in spheres of ceramic and carbon is cooled by helium gas. The gas then transfers heat to a steam turbine loop to generate electricity. The fuel design, known as TRISO, is expected to be safer than previous fuel arrangements, though it's not widely used today. The startup said in its SEC filing that it's already embroiled in a patent dispute with another company that recently went bankrupt. Ultra Safe Nuclear Corporation (USNC) went bankrupt in 2024, and its assets were purchased in bankruptcy to form Standard Nuclear. X-energy alleges that USNC infringed on its fuel fabrication patents and that the matter hasn't been resolved to its satisfaction during the course of the bankruptcy proceedings. Outside of China, development of new nuclear reactors has all but stalled, stymied by delays and cost overruns. A new breed of startups hopes that by shrinking reactors, they'll be able to overcome some of the challenges that have beset traditional designs. None of the small modular reactor startups have built a power plant yet, though several are racing to meet a deadline of July 4 set by the Trump administration. While many might miss the arbitrary deadline, they're still likely to achieve criticality, the moment when fission reactions become self-sustaining. But the road from criticality to profitable power plants is likely to be long. Mass manufacturing can help bring costs down, but it usually takes around a decade for the process to start paying dividends. What's more, the number of reactors these companies are planning to build might be more than other companies have attempted, but it might not be high enough to reap the true benefits of mass manufacturing. X-energy expects that by the time its reactor production techniques are mature -- what experts call "Nth-of-a-kind" -- it will be able to bring costs down by 30% relative to the first-of-a-kind. Investors should pay close attention to how much that first reactor costs. It could make or break the company's prospects.
Nuclear reactor developer X-Energy targets $7.5 billion valuation in US IPO
April 15 (Reuters) - Amazon-backed X-Energy said on Wednesday it was targeting a valuation of up to $7.51 billion in its initial public offering in the United States. The Maryland-based nuclear reactor developer is seeking up to $814.3 million by offering roughly 42.9 million shares priced between $16 and $19 apiece. J.P.Morgan, Morgan Stanley, Jefferies, Moelis & Co, Cantor Fitzgerald, Guggenheim Securities, Nomura Securities and TD Securities are among the underwriters for the IPO. It will list its Class A common stock on the Nasdaq under the symbol "XE". (Reporting by Pragyan Kalita in Bengaluru; Editing by Vijay Kishore)
X-Energy files for 42.86M share IPO at $16-$19/sh By Investing.com
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