Nuclear Power Firm Eyes $7.5B IPO

Amazon-backed nuclear reactor developer X-Energy is aiming for a significant valuation of up to $7.51 billion in its planned initial public offering (IPO) in the United States. The company is looking to raise a substantial amount, targeting up to $814.3 million. This fundraising effort involves offering approximately 42.9 million shares of its Class A common stock. The price range for these shares is set between $16 and $19 per share. Major financial institutions, including J.P. Morgan and Morgan Stanley, are among the underwriters for this IPO. X-Energy's stock will be listed on the Nasdaq exchange under the ticker symbol "XE".