X-Energy’s failed $1 billion SPAC became a $1 billion IPO. The reactor did not change. The market did.
By Allison Steffens Herrera In short: X-Energy raised $1.02 billion in the largest nuclear IPO on record, pricing at $23 (21% above range) on the Nasdaq, with shares surging 31% on opening to imply a $12 billion market cap. The offering was 15x oversubscribed. The same company failed to close a $1 billion SPAC in 2023. The difference is […] This story continues at The Next Web
Source:: The Next Web
No comments