U.S. IPO: Data Center Developer Nscale Files, While Holtec Nuclear Postpones IPO

U.S. IPO: Data Center Developer Nscale Files, While Holtec Nuclear Postpones IPO

Three IPOs and two SPACs priced this week, while five IPOs and three SPACs submitted filings. Read more here.

Holtec postpones initial public offering

Holtec International, the owner of the Palisades Nuclear Power Plant in Covert, says it’s postponing its planned initial public offering because of unfavorable market conditions. The company announced this month it was going public, putting up 50 million shares of its Class A common stock and seeking to raise between $750 million and $900 million. The shares were expected to trade on the Nasdaq, but that’s now on hold. Holtec says the market co…