The Zhitong Finance App learned that Standard Nuclear (STDN.US), which produces Triso fuel for small modular reactors (SMR) across the US, cut the proposed transaction size for its upcoming initial public offering (IPO) on Wednesday. The Oak Ridge, Tennessee company now plans to raise $150 million by issuing 10 million shares at a price of $15 million each. The company had previously applied to issue 18.3 million shares in the price range of $18 to $21 per share. Based on the revised terms, Standard Nuclear's fund-raising amount will be reduced by 58% compared to previous expectations, and the fully diluted market value will reach 2.7 billion US dollars.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that Standard Nuclear (STDN.US), which produces Triso fuel for small modular reactors (SMR) across the US, cut the proposed transaction size for its upcoming initial public offering (IPO) on Wednesday. The Oak Ridge, Tennessee company now plans to raise $150 million by issuing 10 million shares at a price of $15 million each. The company had previously applied to issue 18.3 million shares in the price range of $18 to $21 per share. Based on the revised terms, Standard Nuclear's fund-raising amount will be reduced by 58% compared to previous expectations, and the fully diluted market value will reach 2.7 billion US dollars.
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