X-Energy IPO 15x Oversubscribed, Raises $1.02B

X-Energy Inc.’s US IPO was more than 15 times oversubscribed after a late increase in deal size.
The company priced 44.3 million shares at $23 each, above the $16‑$19 range, raising $1.02 billion.
Institutional investors faced allocation constraints, with one‑third of orders receiving zero shares; banks included JPMorgan, Morgan Stanley, Jefferies, Moelis.
Amazon backs the nuclear small modular reactor developer, and shares will list on Nasdaq under ticker XE.