XE News & Events

Csquare filed confidentially for a U.S. initial public offering, a signal that more data center companies are lining up to sell shares for the first time over the coming year, Bloomberg's Bailey Lipschultz report. The provider of colocation and data center services announced on Friday that it had submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission. The Brookfield Infrastructure Partners (BIP)-backed company joins a rush of new listings as the companies building out the backbone to support AI's energy needs seek to raise funds, the author notes. Amazon (AMZN)-backed X-Energy (XE), which uses nuclear reactors to power AI, raised roughly $1B this week while Blackstone (BX) plans to raise about $2B for its new data-center acquisition vehicle.

X-energy, a developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, priced 44.25M shares at $23.00. The deal size was increased increased to 44.25M shares from 42.86M and priced above the $16.00-$19.00 target range.

X-energy indicated to open at $28, IPO priced at $23

X-Energy (XE) is set to go public at a valuation above $9B after previously scrapping an IPO, with renewed investor interest driven by rising electricity demand from AI, The Wall Street Journal's Gregory Zuckerman reports. Early backers, including Ken Griffin and Ares Management (ARES), are poised for significant gains, reflecting a sharp turnaround in sentiment toward nuclear energy investments, sources say.