X-energy Ups IPO Price to $23 per Share, Nuclear Tech Company Set to List on Nasdaq

X-energy, a leader in advanced nuclear reactor and fuel technology, today announced it has increased the size of its initial public offering (IPO) to 44,254,659 Class A common shares at a price of $23.00 per share. This offering is larger than the previously disclosed 42,857,143 shares. X-energy has also granted underwriters a 30-day over-allotment option to purchase up to an additional 6,638,198 Class A common shares.

According to the company's filing, X-energy previously submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC). Following the IPO, its Class A common shares are expected to begin trading on the Nasdaq Stock Exchange. The company stated that the proceeds from the listing will be used to support the commercialization of its advanced nuclear reactor technology and the expansion of its fuel manufacturing capabilities.

X-energy specializes in the development and production of fourth-generation high-temperature gas-cooled reactor technology and TRISO fuel, making it one of the few private companies globally with a complete nuclear fuel supply chain. The upsized offering reflects growing investor enthusiasm for innovative companies in the nuclear energy sector. As the global clean energy transition accelerates, public listings of advanced nuclear technology firms are expected to remain a sustained hotspot in capital markets. The company anticipates closing the transaction in the near future, officially embarking on its journey as a publicly traded entity.