Overview of X-energy's IPO#
X-energy Inc. has set the price for its initial public offering (IPO) at $23 per share. The company plans to sell 44.3 million shares of its Class A common stock. Additionally, it has given underwriters a 30-day option to buy an extra 6.6 million shares if there is strong demand.
Trading Details#
The shares are expected to start trading on the Nasdaq Global Select Market on April 24, 2026, under the ticker symbol "XE." The offering is anticipated to close on April 27, 2026, pending standard closing conditions.
Underwriters and Regulatory Approval#
Leading the offering are J.P. Morgan, Morgan Stanley, Jefferies, and Moelis & Company, who are acting as joint book-running managers. The Securities and Exchange Commission (SEC) approved the registration statement for the IPO on April 23, 2026.
Company Focus and Financial Impact#
Based in Rockville, Maryland, X-energy specializes in developing small modular nuclear reactors and fuel technology. The company aims to advance reactor designs that promote clean energy generation, emphasizing safer and more efficient nuclear technology. This IPO marks one of the largest public offerings in the nuclear energy sector, with gross proceeds estimated at approximately $1.02 billion before accounting for underwriting discounts and other expenses.