Holtec seeks U.S. IPO as AI boosts demand for nuclear energy

Holtec Nuclear Corporation has filed for a U.S. initial public offering as investor interest in nuclear power rises alongside data-center and other electricity demand tied to AI. The filing comes as the U.S. IPO market rebounds, supported by larger deals and AI-related listings, while government backing for carbon-free energy continues to lift attention for nuclear operators. Holtec, founded in 1986, supplies nuclear equipment, manages spent fuel and develops small modular reactors (SMRs) intended to be faster and more cost-effective than conventional plants. It is leading the restart of the Palisades nuclear facility, shut down in 2022 after over 50 years of operation, and has received about $400 million from the U.S. Department of Energy to build two SMRs at the site. For the quarter ended March 31, 2026, it reported net income of $17.8 million on revenue of $165.3 million. The company plans a Nasdaq and Nasdaq Texas listing under ticker HNUC, with J.P. Morgan, Guggenheim Securities, Goldman Sachs and Citigroup as underwriters.