Latham Represents X-energy, Inc. in Upsized US$1 Billion IPO

X-energy, Inc. (X-energy), a leader in advanced nuclear reactor and fuel technology, has announced the pricing of its upsized initial public offering of 44,254,659 shares of its Class A common stock at a public offering price of US$23.00 per share. In connection with the offering, X-energy has granted the underwriters a 30-day option to purchase up to an additional 6,638,198 shares of Class A common stock. The shares are expected to begin trading on the Nasdaq Global Select Market on April 24, 2026, under the ticker symbol XE. The offering is expected to close on April 27, 2026, subject to customary closing conditions.

Latham & Watkins LLP represents X-energy in the IPO with a Capital Markets team led by Washington, D.C. partner Paul Sheridan, New York partner Ian Schuman, and Houston partner John Slater, with associates Sarah Rodrigue, Justin Reinking, Armaan Bhimani, Jennifer Pitsch Hayes, and Iktae Park. Advice was also provided on tax matters by Houston partners Tim Fenn, Jared Grimley, and Christine Mainguy, with associates James Aldred and Tessa Young; on benefits matters by Los Angeles/Orange County partner Michelle Carpenter, with associate Aaron Tso; on regulatory matters by Washington, D.C. partner Natasha Gianvecchio, with associate Jecoliah Williams; on ESG matters by New York partner Betty Huber; on environmental matters by Los Angeles/Houston partner Joshua Marnitz and Washington, D.C. counsel Hunter Kendrick, with associate Reilly Nelson; on compliance matters by Washington, D.C. partner Erin Brown Jones; on IP matters by New York partner Jessica Cohen, with associate Ece Gonulal; on cybersecurity matters by Washington, D.C. partner Clayton Northouse, with associates Zac Alpert and Eric Gonzalez; on data privacy and cyber security matters by Houston partner Robert Brown; on disclosure matters by Chicago partner Laura Ferrell, Washington, D.C. partner William Hackett and counsel Meghan Carey, with associate Sara Almousa; on government contracts matters by Washington, D.C. partner Kyle Jefcoat; and on M&A matters by associates Maddie Merkle and Zach Lippman.