X-Energy, Inc. (Ticker: XE US) is a United States-based company developing advanced small modular nuclear reactors and proprietary fuel technology for clean energy generation. X-Energy plans to list on the NASDAQ on April 24, 2026, planning to offer 42,857,143 primary shares at an estimated price range of $16.00 to $19.00 per share, raising an estimated total of approximately $750 million.

According to the provided business description, the company aims to redefine the nuclear energy industry. Its simplified, modular, and intrinsically safe reactor design is intended to expand the applications and markets for the deployment of nuclear technology. The company focuses on delivering clean, safe, and reliable energy that meets modern economic demands, while reportedly driving enhanced safety, lower costs, and faster construction timelines compared to conventional nuclear facilities and other small modular reactors.

The IPO is being led by a syndicate of underwriters, with J.P. Morgan, Morgan Stanley, Jefferies, and Moelis acting as joint bookrunners. Furthermore, J.P. Morgan is reportedly serving as the stabilization agent and handling the bill and deliver process for the offering.