X-Energy, Inc.

X-Energy, Inc. (XE) priced its initial public offering on Apr 27, 2026 at $23.00 per share, above its $16.00–$19.00 range, and listed on Nasdaq. At the IPO price its market capitalization was about $9.02B. J.P. Morgan was lead-left underwriter, joined by Morgan Stanley, Jefferies and Moelis and others. Latham & Watkins advised the company and Skadden, Arps advised the underwriters.

X-Energy, Inc. designs advanced nuclear reactor technology, including small modular reactors such as the Xe-100, and manufactures advanced nuclear fuels. It has signed a joint development agreement with Centrica to build and operate Xe-100 reactors in the U.K.

Status

IPO

Ticker

XE

Exchange

Nasdaq

Priced

Apr 27, 2026

IPO price

$23.00

Price range

$16.00–$19.00

Market cap at IPO price

$9.02B

First filed

Mar 20, 2026

Underwriters

J.P. Morgan, Morgan Stanley, Jefferies, Moelis, Cantor, UBS, TD Cowen, Guggenheim, Wolfe Research and Nomura

Company counsel

Latham & Watkins

Underwriters' counsel

Skadden, Arps

Sector

Industrials & materials

Country / state

DE

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.