Amazonbacked Xenergy files to raise up to $800M in IPO | TechCrunch
News Source : TechCrunch
News Summary
- Nuclear startup X-energy began its investor roadshow Wednesday as it works toward its IPO.
- If it lists at the high end, the startup could net about $814 million.
- Amazon is one of X- energy’s biggest backers.
- The tech giant led a $500 million Series C-1 round and has pledged to buy as much as 5 gigawatts of nuclear power from the company by 2039.X-energy expects that by the time its reactor production techniques are mature — what experts call “Nth-of-a-kind” — it will be able to bring costs down by 30%.
Nuclear startup Xenergy began its investor roadshow Wednesday as it works toward its IPO, setting its target price between $16 and $19 per share, according to documents filed with the U.S. Securitie [+2890 chars]
Never miss a story from us, subscribe to our newsletter