X-energy Inc. priced its initial public offering at $23 per share, selling 44.3 million shares of Class A common stock, according to a company statement. The nuclear reactor technology company granted underwriters a 30-day option to purchase an additional 6.6 million shares.

The shares are expected to begin trading on the Nasdaq Global Select Market on April 24, 2026, under the ticker symbol "XE." The offering is scheduled to close on April 27, 2026, subject to standard closing conditions.

J.P. Morgan, Morgan Stanley, Jefferies, and Moelis & Company served as lead joint book-running managers for the offering. The Securities and Exchange Commission declared the registration statement effective on April 23, 2026.

The Rockville, Maryland-based company develops small modular nuclear reactors and fuel technology. X-energy focuses on advanced reactor designs intended to provide clean energy generation through what the company describes as safer and more efficient nuclear technology.

The IPO represents one of the larger public offerings in the nuclear energy sector, with gross proceeds of approximately $1.02 billion before underwriting discounts and other expenses, based on the base offering size.