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X-energy stock pops 27% on first day of trading following upsized IPO [Yahoo! Finance]
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X-Energy Inc., a nuclear energy firm that counts Amazon.com Inc. as a backer, raised $1.02 billion in an upsized US initial public offering that priced above the marketed range. Photographer: Michael Nagle/Bloomberg | Image Credits:Michael Nagle/Bloomberg / Getty Images X-energy's stock popped today in its debut on the Nasdaq , opening at $30.11 before closing at $29.20, up 27% over its initial public offering of $23 per share. Investors can't get enough nuclear power, apparently. Even the initial share price had been revised upward from the $16 to $19 target floated by the company during its investor roadshow. At close, the company was valued at $11.5 billion. Just five years ago, such interest in a nuclear startup would have come as a surprise to many. Back then, the nuclear industry was haunted by delayed projects and massive cost overruns at recently completed reactors. Two power plants were completed in Georgia — one in the late 2010s and another in the early 2020s. In to
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