nuclear-news

Huge nuclear energy initial public offering put on hold amid economic concerns

Holtec pulls IPO over “perfect storm” in AI sector, founder says

One of the largest nuclear energy initial public offerings of the year has
been put on hold amid concerns about a slowdown in the economy and the AI
sector.

Kris Singh, Holtec International’s founder and chief executive,
told the FT on Wednesday that the IPO had been suspended because of the
market’s sharp turn against the AI data centre economy in the past few
weeks.

“It’s like a perfect storm,” Singh said. “Our business,
rightly or wrongly, is viewed as connected to it [data centres]. We provide
nuclear power. So that was, of course, a big factor in market sentiment
against nuclear.”

Holtec was planning to raise $900mn this week to help
it finance an ambitious plan to transform itself from a supplier of nuclear
components and services into a reactor design and nuclear plant operator.

The suspension of Holtec’s IPO will send a shockwave through the US nuclear
sector, which is aiming to raise tens of billions of dollars to build a
fleet of reactors to power the AI revolution. Westinghouse, which has
ambitions to build up to 10 large-scale reactors, recently filed plans to
list on the US market.

FT 17th Sept 2026, https://www.ft.com/content/5f4a4fce-72bb-4ea6-862b-1da1234d5b25

September 18, 2026 - Posted by Christina Macpherson | business and costs