X-Energy, which develops small modular reactors and produces nuclear fuel, announced terms for its IPO on Wednesday.
The Rockville, MD-based company plans to raise $750 million by offering 42.9 million shares at a price range of $16 to $19.
X-energy designs advanced nuclear reactor technology, particularly small modular reactors (SMRs), and manufactures nuclear fuel. Its main product, the Xe-100, is a high-temperature gas-cooled reactor designed to generate electricity and heat at a modular scale. The company focuses on developing scalable nuclear systems to help meet growing electricity demand, including from energy-intensive uses like data centers.
X-Energy was founded in 2009 and booked $109 million in revenue for the 12 months ended December 31, 2025. It plans to list on the Nasdaq under the symbol XE. J.P. Morgan, Morgan Stanley, Jefferies, Moelis & Company, Cantor Fitzgerald, UBS Investment Bank, TD Securities, Guggenheim Securities, WR Securities, and Nomura Securities are the joint bookrunners on the deal. It is expected to price the week of April 20, 2026.
