X-Energy successfully raised $1.02 billion in the largest nuclear energy IPO to date, with initial shares priced at $23, marking a 21% increase above the projected range on Nasdaq. Shares jumped 31% on the first day, boosting the company’s market capitalization to $12 billion. The offering was highly sought after, with demand exceeding supply by 15 times. This is in contrast to an earlier unsuccessful attempt to complete a $1 billion SPAC deal in 2023, highlighting that the change was driven by market dynamics rather than modifications in the company’s technology.
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