X-Energy (XE) Climbs 36% on Market Debut on Nuclear Demand [Yahoo! Finance]
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Source: Yahoo! Finance
Amazon-backed X-Energy soared by as much as 36 percent in its first day as a publicly listed company, as investors gobbled up its shares amid the strong optimism and rosy prospects for the nuclear sector. X-Energy Inc. (NASDAQ:XE) opened the day immediately, clocking a 30.9-percent gain at $30.11, then soared to its highest price of $31.33, before finishing the session at $29.20. It priced its initial public offering (IPO) at $23 apiece. Photo from X-Energy website The company—now valued at $11.5 billion—successfully raised $1.017 billion from its IPO, covering more than 44.2 million Class A shares. In connection with the offering, X-Energy Inc. (NASDAQ:XE) also granted its underwriters a 30-day option to purchase up to an additional 6.6 million shares. If fully subscribed, this would increase its offer by another $152.68 million, for a total of $1.169 billion. X-Energy Inc. (NASDAQ:XE) is a leading developer of advanced small modular nuclear reactors and fuel technology fo
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