Holtec Nuclear, which provides nuclear plant services and is developing a small modular reactor, withdrew its plans for an initial public offering on Friday. It had filed to raise $825 million by offering 50 million shares at a price range of $15 to $18 before postponing their offering last week.
The Camden, NJ-based company was founded in 1986 and booked $560 million in revenue for the 12 months ended June 30, 2026. It had planned to list on the Nasdaq under the symbol HNUC. J.P. Morgan, Guggenheim Securities, Goldman Sachs, Citi, BofA Securities, Morgan Stanley, Cantor Fitzgerald, BMO Capital Markets, and Oppenheimer & Co. were set to be the joint bookrunners on the deal.
