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Holtec Halts $900M IPO Due to Market Conditions
17 Sep
Summary
- Holtec Nuclear has halted its planned U.S. initial public offering.
- The IPO was postponed due to unfavorable market conditions.
- The company aimed to raise up to $900 million in the offering.
Holtec Nuclear has suspended its planned U.S. initial public offering, citing unfavorable market conditions. The nuclear technology firm had been preparing for a significant listing during the traditionally active fall period for new public offerings.
The company was seeking to raise up to $900 million. This would have been achieved by offering 50 million shares at a price range of $15 to $18 per share. The IPO was scheduled to be priced this Thursday.
Details of the suspension emerged on Wednesday, with sources close to the matter informing Bloomberg News. Holtec Nuclear did not immediately respond to requests for comment, and the report could not be independently verified by Reuters.
