Amazon-Backed Nuclear Firm X-Energy Raises $1.02 Billion in IPO [Yahoo! Finance Canada]
Dow Inc. (DOW)
Last dow inc. earnings: 4/30 06:00 am
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The Rockville, Maryland-based company sold 44.3 million shares for $23 each, according to a statement Thursday. X-Energy had marketed the shares for $16 to $19 each. At the IPO price, the company has a market value of $9.1 billion based on the outstanding shares listed in its filings. X-Energy designs small modular nuclear reactors and makes advanced nuclear fuel. Its reactors use so-called Triso pebbles, or tristructural isotropic, poppyseed-sized uranium kernels that burn hotter and longer than conventional fuel. The firm plans to use its reactors to power industrial facilities and artificial intelligence data centers and has agreements in place with Dow Inc., Amazon and Centrica Plc. Ark Investment Management was interested in buying as much as $105 million worth of shares in the offering at the IPO price, according to the filings. The offering comes as firms have been racing to bring the first US small modular reactor to market. X-Energy aims to
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