Holytech Nuclear aims for $10.2B IPO valuation

Holtec Nuclear Company plans to issue shares in the U.S. market valued at up to $900 million, with a valuation exceeding $10 billion, aiming to raise funds to develop small standardized nuclear reactors and restart the Palisades nuclear plant. This announcement comes amid growing interest in the U.S. nuclear market, driven by rising electricity demand—particularly from data centers connected to artificial intelligence—and the nuclear sector's move toward going public as industry activity picks up.

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