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X-Energy has offered 44.3 million shares at a price of $23 per share. The price is higher than the originally stated range of $16 to $19. According to Bloomberg's calculations, X-Energy's market capitalization is $9.1 billion based on the IPO price. Trading of X-Energy shares is set to start on April 24th on the Nasdaq stock exchange, with the company's shares listed under the ticker symbol XE.
Ark Investment Management, led by Cathie Wood, intended to purchase shares valued at up to $105 million at the initial public offering price. The primary shareholder is Kamal Ghaffarian, the founder of X-Energy, who holds 61% of the Class B shares. Ares Management owns another 26%.
X-Energy focuses on creating small modular nuclear reactors and manufacturing advanced nuclear fuel. The reactors use TRISO fuel particles, which are tiny uranium cores about the size of poppy seeds, enclosed in multiple layers. These particles allow the reactors to function at higher temperatures and have a longer lifespan compared to regular fuel. In the year 2025, X-Energy experienced a loss of about $390 million despite generating revenue of $94 million.
source: bloomberg.com
Ark Investment Management, led by Cathie Wood, intended to purchase shares valued at up to $105 million at the initial public offering price. The primary shareholder is Kamal Ghaffarian, the founder of X-Energy, who holds 61% of the Class B shares. Ares Management owns another 26%.
X-Energy focuses on creating small modular nuclear reactors and manufacturing advanced nuclear fuel. The reactors use TRISO fuel particles, which are tiny uranium cores about the size of poppy seeds, enclosed in multiple layers. These particles allow the reactors to function at higher temperatures and have a longer lifespan compared to regular fuel. In the year 2025, X-Energy experienced a loss of about $390 million despite generating revenue of $94 million.
source: bloomberg.com
