Standard Nuclear slashes IPO plans to 10 million shares

Investing.com -- Standard Nuclear slashed the planned size and pricing of its U.S. initial public offering, according to a regulatory filing on Wednesday.

The Oak Ridge, Tennessee-based company now plans to offer 10 million shares at $15 per share. The company previously planned an 18.25 million share offering in the $18 to $21 price range.

Standard Nuclear manufactures advanced nuclear fuel and radioisotope power systems. The company produces high-performance TRISO fuel for next-generation nuclear reactors, microreactors, and space applications.

The company plans to list on the New York Stock Exchange under the symbol STDN.

BofA Securities, Goldman Sachs & Co. LLC, and Barclays are serving as lead underwriters for the offering. Additional underwriters include UBS Investment Bank, Evercore ISI, RBC Capital Markets, William Blair, and Stifel.

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