Standard Nuclear set for New York debut after scaled-back IPO - STDN News | RalliesStandard Nuclear set for New York debut after scaled-back IPO
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STDN• Standard Nuclear set for New York debut after scaled-back IPO
- Standard Nuclear STDN.N set to begin trading on NYSE later on Thursday after a $150 million scaled-back US IPO
- Stock recently indicated to open between $15-$16 apiece vs $15 IPO price
- Early-stage nuclear fuel company sold 10 million shares at $15 apiece in IPO after slashing deal size by more than half
- Debut comes as nuclear stocks such as Oklo OKLO.N and NuScale Power SMR.N have struggled in recent weeks
- Nuclear-sector companies that listed recently, including reactor developers X-Energy XE.O and Deep Fission FISN.O are also trading below IPO price
- Oak Ridge, Tennessee-based STDN focuses on processing enriched uranium feedstock into advanced nuclear fuel for advanced nuclear reactors
- BofA Securities and Goldman Sachs acted as joint lead bookrunning managers for offering
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