X-energy has started the roadshow for its initial public offering as the company moves toward a public listing on Nasdaq. The advanced nuclear reactor and fuel technology developer plans to offer 42,857,143 shares of Class A common stock, with underwriters expected to receive a 30-day option to buy up to 6,428,571 additional shares.
The IPO price is expected to range from $16.00 to $19.00 per share. X-energy’s Class A common stock has been approved for listing, subject to official notice of issuance, under the ticker symbol “XE” on the Nasdaq Global Select Market.
What the offering includes
The deal is being led by J.P. Morgan, Morgan Stanley, Jefferies, and Moelis & Company as the joint book-running managers. The company said the offering will be made only through a prospectus.
Copies of the preliminary prospectus can be requested from the designated contacts at the four firms, including by email or through their listed mailing addresses. X-energy also said the securities cannot be sold, and buy orders cannot be accepted, until the registration statement becomes effective.
Regulatory status and investor limits
X-energy has filed a registration statement on Form S-1 with the SEC, but the filing has not yet been declared effective. That means the company cannot complete sales of the securities until the required regulatory steps are finished.
The company also noted that the press release does not serve as an offer to sell or a solicitation to buy the shares. It added that no sale can take place in any state or jurisdiction where such an offer, solicitation, or sale would be unlawful before registration or qualification under local securities laws.
The business behind XE
X-energy describes itself as a developer of advanced small modular nuclear reactors and fuel technology focused on clean energy generation. The company says its design aims to improve safety, reduce cost, and shorten construction timelines compared with other SMRs and conventional nuclear power.
The company says its simplified, modular, and intrinsically safe SMR approach is designed to expand where nuclear technology can be deployed. That strategy places X-energy among the companies trying to position advanced nuclear as a cleaner and more flexible source of reliable power for modern energy demand.
