BUZZ-Standard Nuclear set for New York debut after scaled-back IPO

NuScale Power
Oklo Inc
Standard Nuclear, Inc.

NuScale Power

SMR

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Oklo Inc

OKLO

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Standard Nuclear, Inc.

STDN

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** Standard Nuclear STDN.N set to begin trading on NYSE later on Thursday after $150 million scaled-back US IPO

** Stock recently indicated to open between $15-$16 apiece vs $15 IPO price

** Early-stage nuclear fuel company sold 10 million shares at $15 apiece in IPO after slashing deal size by more than half

** Debut comes as nuclear stocks such as Oklo OKLO.N and NuScale Power SMR.N have struggled in recent weeks

** Nuclear-sector companies that listed recently, including reactor developers X-Energy XE.O and Deep Fission FISN.O are also trading below IPO price

** Oak Ridge, Tennessee-based STDN focuses on processing enriched uranium feedstock into advanced nuclear fuel for advanced nuclear reactors

** BofA Securities and Goldman Sachs acted as joint lead bookrunning managers for offering


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