Overview
- X-energy opened its investor roadshow to sell 42,857,143 Class A shares at $16 to $19 each, with a 30-day option for underwriters to buy 6,428,571 more.
- The company filed a Form S-1 that is not yet effective, and its stock has conditional approval to trade on the Nasdaq Global Select Market under the ticker XE.
- Pricing at the top of the range would raise about $814 million, which would build on roughly $1.8 billion already invested before the IPO.
- Amazon led a $500 million funding round and pledged to buy up to 5 gigawatts of nuclear power from X-energy by 2039, pointing to potential long-term demand.
- X-energy disclosed a patent dispute tied to fuel fabrication involving bankrupt USNC and successor Standard Nuclear, adding legal risk as it works to commercialize its small modular reactor and TRISO fuel technology.