Standard Nuclear set for New York debut after scaled-back IPO

Nuscale Power

16/07/2026 15:20

** Standard Nuclear STDN.N set to begin trading on NYSE later on Thursday after $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

(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))