Nuclear fuel manufacturer Standard Nuclear has announced plans for a U.S. initial public offering, with the company seeking a valuation of as much as $3.55 billion.
The company announced Tuesday that it hopes to generate up to $383.25 million through the offering, which involves 18.25 million shares priced in the range of $18 to $21 per share.
The move comes as the broader IPO market finds its footing again, driven by easing geopolitical tensions, steady equity markets, and growing appetite from investors — all of which are encouraging more companies to move forward with their listing plans.
Standard Nuclear specializes in producing advanced nuclear fuel and radioisotope power systems. The company has placed particular emphasis on expanding domestic manufacturing to strengthen U.S. energy security.
Standard Nuclear plans to trade on the New York Stock Exchange under the ticker symbol “STDN”. BofA Securities, Goldman Sachs, Barclays, and UBS Investment Bank are listed among the underwriters for the offering.
