One of the biggest players in the nuclear technology business is preparing to make their Wall Street debut.

What’s happening:

  • Holtec has officially filed a Form S-1 with the United States Securities Exchange and Commission to raise an IPO financing round and list on the Nasdaq

Why it matters:

  • Holtec is one of the single largest vertically integrated nuclear technology providers in the world and provides spent fuel management and decommissioning services to more than 150 commercial nuclear reactors

Going deeper:

  • Holtec has publicly stated they are developing their own small modular reactor known as the SMR-300 and has an existing joint proposal with French power giant EDF to deploy them to power data centres
  • Goldman Sachs, J.P. Morgan and Citigroup will lead Holtec’s IPO financing round
  • The United States Department of Energy previously provided Holtec with a $1.5B USD loan guarantee to accelerate Holtec’s restart of the Pallisades Nuclear Power Plant in Michigan

The fine print:

  • The exact pricing terms and valuation of Holtec’s IPO financing round have not yet been publicly disclosed