X-Energy Inc. announced the launch of its initial public offering roadshow, seeking to raise capital through the sale of 42,857,143 shares of Class A common stock on the Nasdaq Global Select Market under the ticker symbol XE.

The nuclear reactor and fuel technology company set a price range of $16.00 to $19.00 per share for the offering. At the midpoint of the range, the IPO would raise approximately $729 million. X-Energy also plans to grant underwriters a 30-day option to purchase up to 6,428,571 additional shares, which could bring total proceeds to roughly $814 million if fully exercised.

The company's Class A common stock has received approval for listing on the Nasdaq Global Select Market, subject to official notice of issuance.

J.P. Morgan, Morgan Stanley, Jefferies, and Moelis & Company are serving as lead joint book-running managers for the offering.

The information is based on a company press release announcing the IPO roadshow launch.