Holtec postpones HNUC IPO, keeps SEC filing

Holtec Nuclear Corporation said on September 17 that it is postponing its Nasdaq IPO after talks with its banking syndicate, citing a two-week retreat in equity and nuclear-sector markets driven primarily by uncertainty over data-center development plus higher rates, trade tensions, and inflation fears. The roadshow launched September 8 at $15 to $18 per share for 50 million Class A shares, targeting proceeds of up to $900 million and a valuation of up to $10.2 billion under ticker HNUC. Holtec said it will keep its SEC registration statement on file, keep advancing the Palisades restart and Pioneer SMR-300 plan, and revisit public markets when conditions improve; CEO Kris Singh told the Financial Times the data-center link created a perfect storm for nuclear sentiment.