Standard Nuclear launches IPO roadshow targeting up to $21 per share

Standard Nuclear, Inc., a Tennessee-based producer of TRISO nuclear fuel, announced the launch of its initial public offering roadshow, offering 18,250,000 shares of Class A common stock at an expected price range of $18.00 to $21.00 per share.

The company has applied to list its Class A common stock on the New York Stock Exchange under the ticker symbol "STDN."

Standard Nuclear has also granted underwriters a 30-day option to purchase up to an additional 2,737,500 shares at the IPO price, less underwriting discounts and commissions.

BofA Securities and Goldman Sachs & Co. LLC are acting as joint lead bookrunning managers for the offering. Barclays, UBS Investment Bank, Evercore ISI, RBC Capital Markets, William Blair, and Stifel are serving as additional bookrunning managers.

The company describes itself as the only independent manufacturer of TRISO fuel in the United States. TRISO fuel is used in advanced nuclear reactors for terrestrial, national security, and space applications.

A registration statement on Form S-1 has been filed with the Securities and Exchange Commission but has not yet been declared effective. The offering remains subject to market conditions, and no assurance has been given as to whether or when it may be completed.

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