Key facts
- Holtec Nuclear Corporation has filed for a U.S. IPO.
- The company plans to build small modular reactors (SMRs).
- Holtec intends to list on the Nasdaq under the symbol "HNUC".
- Tailored Brands also filed for a U.S. IPO, planning to list on Nasdaq under "MENW".
- Tailored Brands owns Men's Wearhouse and Jos. A. Bank.
Holtec Nuclear Corporation has filed for an initial public offering in the United States, aiming to list on the Nasdaq under the symbol "HNUC". The company plans to construct small modular reactors (SMRs), which are promoted as more cost-effective and quicker to deploy than traditional large-scale models. These SMRs are intended to replace coal-fired power plants and address localized energy demands. J.P. Morgan, Guggenheim Securities, Goldman Sachs, and Citigroup are among the underwriters for the offering.
Separately, fashion retailer Tailored Brands has also publicly filed its registration statement for a U.S. IPO, with plans to list on the Nasdaq under the symbol "MENW". This filing follows a confidential submission made in April. Tailored Brands, which owns brands such as Men's Wearhouse and Jos. A. Bank, reported $2.6 billion in sales and $406 million in adjusted EBITDA in 2023.