July 10 (Reuters) – Energy company Holtec Nuclear Corporation filed for an initial public offering in the United States on Friday.
The U.S. IPO market has roared back after a few years of muted issuances, with larger deals and AI-linked listings driving dollar volumes toward record levels, even as the number of offerings remains far below past boom-era peaks.
Holtec plans to build small modular reactors (SMRs), touted as being more cost-effective and quicker to deploy than full-sized models that can take decades to build.
The company’s SMRs are aimed at replacing coal-fired plants and providing more localized energy needs.
J.P. Morgan, Guggenheim Securities, Goldman Sachs and Citigroup are among the underwriters for the offering.
Holtec intends to list its shares on Nasdaq and Nasdaq Texas under the symbol “HNUC.”
(Reporting by Pragyan Kalita in Bengaluru; Editing by Jonathan Ananda)
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