X-energy $1B IPO sells at $23, lists on Nasdaq XE
Business
X-energy, a company working on next-generation nuclear technology, just pulled off a $1 billion IPO, beating its own fundraising target.
Shares sold at $23 each (above expectations), and they will trade as XE on Nasdaq from April 24.
X-energy SMRs secure Dow, Amazon deals
X-energy builds small modular reactors that make electricity and industrial heat, using safer TRISO fuel. They have teamed up with Dow to power a Texas chemical plant, and Amazon has signed on for up to 5 gigawatts of nuclear energy by 2039.
Amazon's Climate Pledge Fund led X-energy's Series C-1 round. With demand rising from data centers and other electrifying parts of the economy, X-energy's technology is getting attention for being safe.
This big IPO gives them even more room to grow.