Xenergy stock pops 27% on first day of trading following upsized IPO | TechCrunch
News Source : TechCrunch
News Summary
- X-energy’s stock popped today in its debut on the Nasdaq, opening at $30.11 before closing at $29.20.
- At close, the company was valued at $11.5 billion.
- Back five years ago, such interest in a nuclear startup would have come as a surprise to many.
- Back then, the nuclear industry was haunted by delayed projects and massive cost overruns.
- Now, investors appear optimistic that X-energy and its peers have figured out a way around the challenges.
Xenergys stock popped today in its debut on the Nasdaq, opening at $30.11 before closing at $29.20, up 27% over its initial public offering of $23 per share.Investors cant get enough nuclear power [+2507 chars]
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