IPO Journey

X-Energy, Inc.

IPO Date: April 27, 2026 · 6 filings tracked

Final Offer Terms

Ticker

Exchange

Nasdaq Stock Market LLC

Offer Price

$23.00

Shares Offered

44,254,659

Estimated Proceeds

$1.0B

Underwriters

Led by J.P. Morgan, Morgan Stanley

S-1

March 20, 2026

Pioneering Small Modular Reactor (SMR) technology designed for intrinsic safety.
Strategic partnership with Amazon (AWS) with potential for 5 gigawatts of power deployment.

S-1/A

April 3, 2026

Pioneering Small Modular Reactor (SMR) technology with the Xe-100 design
Strategic backing from tech giants like Amazon to meet massive AI data center energy demands

S-1/A

April 8, 2026

Modular Xe-100 reactor design enables factory-built, scalable nuclear energy.
Proprietary TRISO-X fuel technology offers enhanced safety and 'meltdown-proof' characteristics.

S-1/A

April 15, 2026

Innovative SMR technology: Xe-100 modular reactors designed for factory-scale manufacturing to reduce costs by 30%.
High-profile AI partnerships: Strategic backing from Amazon to power data centers with 5 gigawatts of potential capacity by 2039.

Changes from previous filing

▸ Expected offer range: $16.0 – $19.0 per share
▸ Shares offered: 42,857,143
▸ Estimated proceeds: $685M
▸ Underwriters: J.P. Morgan, Morgan Stanley, Jefferies, Moelis & Company, Cantor, UBS Investment Bank, TD Cowen, Guggenheim Securities, Wolfe | Nomura Alliance

S-1/A

April 20, 2026

424B4 Final Pricing

April 27, 2026

Strategic alignment with AI and data center demand for 24/7 'firm' baseload power.
Strong institutional backing from Amazon’s Climate Pledge Fund and Dow.

Changes from previous filing

Disclaimer: AI-generated analysis for informational purposes only. Not financial advice. Always conduct your own research.