Overview
- X-energy’s shares began trading Friday on Nasdaq under XE and closed at $29.20, up 27% from the $23 IPO price after opening at $30.11.
- The company priced 44,254,659 Class A shares at $23 each, granted underwriters a 30-day option for up to 6,638,198 more shares, and expects the offering to close April 27.
- The more than $1 billion raise topped the marketed $16–$19 range and stands as the largest nuclear public equity offering reported to date.
- Investor interest is anchored by commercial deals, including Amazon’s plan to buy up to 5 gigawatts of capacity by 2039 and a Dow project in Texas, alongside Amazon’s roughly $500 million investment in 2024.
- X-energy is developing its 80-megawatt Xe-100 reactor that uses helium cooling and TRISO fuel, is building a TRISO fuel plant in Oak Ridge, and remains pre-construction with an 11+ gigawatt pipeline and a submitted NRC permit for Dow’s Seadrift site, with multi-year licensing and build timelines ahead.