X-energy Inc. has set the price for its initial public offering at $23 a share, selling 44.3 million shares of Class A common stock, the company said in a statement. As part of the deal structure, underwriters were given a 30-day option to purchase an additional 6.6 million shares.
The company plans to begin trading on the Nasdaq Global Select Market on April 24, 2026, using the ticker symbol "XE." The offering is scheduled to close on April 27, 2026, subject to standard closing conditions, the statement noted.
J.P. Morgan, Morgan Stanley, Jefferies, and Moelis & Company served as lead joint book-running managers for the transaction. The Securities and Exchange Commission declared the registration statement effective on April 23, 2026, clearing the way for the public sale.
Headquartered in Rockville, Maryland, X-energy develops small modular nuclear reactors and related fuel technology. The company emphasizes advanced reactor designs that it says are intended to deliver clean energy generation with safer and more efficient nuclear technology.
The offering ranks among the larger public financings within the nuclear energy sector, producing gross proceeds of roughly $1.02 billion before underwriting discounts and other expenses based on the base offering size. That figure does not account for any proceeds that might result if underwriters exercise their option to buy additional shares.
Context and implications
The companys planned Nasdaq debut and the size of the offering position X-energy as a significant new public entrant in the nuclear energy segment. The structure of the deal - a fixed per-share IPO price, a sizable primary share sale, and the customary 30-day overallotment option for underwriters - follows typical capital markets practice for large technology-linked energy offerings.
Key timeline items
- Registration statement declared effective by the SEC on April 23, 2026.
- Expected trading start date on the Nasdaq Global Select Market: April 24, 2026.
- Scheduled offering close date: April 27, 2026, subject to standard closing conditions.
This account reports the terms and mechanics disclosed by the company for the offering. It does not assess future trading performance or speculate on whether the underwriters will exercise their additional share option.