X-Energy (XE) upsized its IPO at pricing to 44.25 million shares – up from 42.86 million in the prospectus – and priced the deal at $23.00 – $4.00 above the top of its $16.00-to-$19.00 range – to raise about $1.02 billion on Thursday night, April 23, 2026. Shares of X-Energy (XE) are set to start trading tomorrow – Friday, April 24, 2026 – on the NASDAQ.
At pricing, X-Energy (XE) had a market cap of $9.12 billion.
J.P. Morgan, Morgan Stanley, Jefferies and Moelis & Co. are leading the joint book-runners’ team.
X-Energy (XE Proposed) is a developmental-stage company focused on designing and producing small modular nuclear reactors and advanced nuclear fuels. The Rockville, Maryland-based company was founded in 2009.
Ark Investment Management had indicated an interest in buying up to $105 million of stock in X-Energy’s IPO at the IPO price, according to the prospectus.
Amazon.com NV Investment Holdings LLC, a subsidiary of Amazon.com, owns the single largest stake of X-Energy’s outstanding common stock: It owned 29 percent of the outstanding Class A common stock before the IPO; that stake drops to 24.3 percent after the IPO.
For the record, X-Energy is not profitable. X-Energy reported a net loss of $398.9 million on revenue of $109.1 million for the 12 months that ended Dec. 31, 2025.
(For more information about this company, please check the IPO Calendar and the individual IPO Profile found on the IPOScoop.com website.)
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