Key facts
- Holtec Nuclear Corp. has suspended its planned US initial public offering.
- The company aimed to raise as much as $900 million.
- The offering involved 50 million shares priced between $15 and $18 each.
- CEO Krishna Singh cited market sentiment against nuclear power and AI-related sectors as reasons for the suspension.
Holtec Nuclear Corp., a supplier of specialty services to the nuclear power industry, has suspended its planned U.S. initial public offering, according to people familiar with the matter. The company had been set to raise as much as $900 million by offering 50 million shares at a price range of $15 to $18 each. The IPO was put on hold due to market conditions and negative sentiment towards nuclear power, influenced by the AI data center economy and broader market shifts, according to CEO Krishna Singh. The offering was expected to price on Thursday, September 17, 2026.