Westinghouse targets $50B-plus IPO, October filing

Westinghouse Electric is seeking a valuation of more than $50 billion in its US initial public offering and is targeting a public filing as soon as October, Bloomberg reported on September 18, citing people familiar with the matter. The nuclear technology supplier is jointly owned by Brookfield Renewable Partners and Cameco, which bought it for $7.9 billion in 2023, and confidentially submitted a draft Form S-1 on July 31. Bloomberg said details including timing could still change; no public filing had been posted as of September 19.