A Maryland nuclear reactor development company with backing from Amazon announced Wednesday its plans to go public with a stock offering that could reach a $7.51 billion company valuation.
X-Energy disclosed it aims to raise as much as $814.3 million through the sale of approximately 42.9 million shares, with each share expected to be priced in the $16 to $19 range.
The company plans to trade its Class A common shares on the Nasdaq stock exchange using the ticker symbol “XE.”
Several major financial institutions will handle the public offering, including J.P.Morgan, Morgan Stanley, Jefferies, Moelis & Co, Cantor Fitzgerald, Guggenheim Securities, Nomura Securities and TD Securities serving as underwriters.
