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X-Energy Shares Rise in Nasdaq Debut

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-- X-Energy (XE) shares were up 25% in their Nasdaq debut Friday.

The stock opened at $30.11, higher than the initial public offering price of $23 per share.

The nuclear reactor developer, which is backed by Amazon.com (AMZN) and Ares Management (ARES), said its upsized IPO of about 44.3 million class A common shares is expected to close on Monday.

Price: $28.75, Change: $+5.75, Percent Change: +25.00%

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X-Energy Shares Rise in Nasdaq Debut | FINWIRES