X-Energy Shares Open 31% Above IPO Price After $1 Billion Raise
X-Energy shares opened at $30.11 on Friday, 31% above their $23 initial public offering price, after the nuclear-energy company raised $1.02 billion in an upsized US IPO. The Amazon-backed company went public at a valuation above $9 billion as AI drives demand for new sources of electricity.
X-Energy develops small modular reactors. Chief Executive Officer J. Clay Sell said the company wants to build nuclear power plants “the same way Amazon has built fulfillment centers.”
From the sources (6 posts)
@cnbcX-Energy CEO J. Clay Sell joined CNBC's "Squawk Box" on Friday after the company raised $1 billion in IPO: "We want to build nuclear power plants, quite frankly, the same way Amazon has built fulfillment centers," Sell said.
@zerohedge*X-ENERGY SHARES INDICATED TO OPEN AT $35 EACH, IPO PRICE $23
@wsjmarketsNuclear-energy company X-Energy is set to go public Friday at a valuation above $9 billion as AI drives demand for new sources of electricity
@zerohedge*KEN GRIFFIN SET FOR PAPER GAINS OF ~$300M IN X-ENERGY IPO: WSJ
@wallstengineX-ENERGY $XE OPENS AT $30.11, IPO AT $23 Note: Amazon-backed nuclear startup, which develops small modular reactors
@businessX-Energy shares opened 31% above their IPO price, after the nuclear energy firm raised $1.02 billion in an upsized US initial public offering.