X-energy launched the roadshow for its initial public offering on April 15, 2026, setting terms for a stock sale that could bring the advanced nuclear reactor and fuel technology company to Nasdaq under the ticker XE. The company said it plans to offer 42,857,143 shares of its Class A common stock, with underwriters expected to have a 30-day option to buy up to 6,428,571 additional shares.
The IPO is being marketed at $16.00 to $19.00 a share, a range that puts a spotlight on investor appetite for X-energy's pitch that its technology can help expand where and how nuclear power is used. J.P. Morgan, Morgan Stanley, Jefferies and Moelis & Company are serving as lead joint book-running managers for the offering.
X-energy said its Class A common stock has been approved for listing on the Nasdaq Global Select Market, subject to official notice of issuance. The company describes itself as a leader in advanced nuclear reactor and fuel technology, saying it designs and deploys safe, efficient advanced small modular reactors for a range of global markets and applications. It says its simplified, modular and intrinsically safe SMR design expands the applications and markets for nuclear deployment.
The timing matters because the company is now actively courting investors even though its registration statement on Form S-1 has been filed with the Securities and Exchange Commission and has not yet been declared effective. X-energy also said the proposed offering will be made only by means of a prospectus and that the securities may not be sold, nor offers to buy accepted, before the registration statement becomes effective. In its materials, the company has called its fuel "the most robust nuclear fuel on earth" and said it is "redefining the nuclear energy industry."
For investors, the next milestone is clear: the offering cannot close until the SEC clears the registration statement, and only then will the shares be eligible to trade under XE. Until that happens, X-energy is selling a story about scale, safety and demand — and asking the market to decide whether advanced nuclear is ready for the public stage.
For more information about the offering, X-energy said interested parties may contact J.P. Morgan Securities LLC at 240-673-6565 or Morgan Stanley & Co. LLC at 301-558-3040.