Holtec Nuclear Launches $900 Million IPO at a Valuation of Up to $10.2 Billion
Holtec Nuclear Corporation has launched its initial public offering (IPO), aiming to raise up to $900 million by selling 50 million shares priced between $15 and $18 each, valuing the company at a maximum of $10.2 billion. The IPO is set for listing on Nasdaq under the ticker symbol 'HNUC,' with major banks like J.P. Morgan and Goldman Sachs serving as lead underwriters. Founded in 1986 by Krishna Singh, Holtec specializes in nuclear technologies such as reactor components, heat transfer systems, spent fuel storage, and plant decommissioning. The company has over 200 patents and serves more than 150 reactors globally. It is also developing the SMR-300 small modular reactor for deployment at its Palisades site in Michigan. The IPO reflects a growing interest in nuclear energy as data center expansion strains electricity grids, prompting companies to seek traditional public offerings over SPACs.
