Deep Fission aims for USD1.66 billion valuation

[Marlin]

https://world-nuclear-news.org/articles/deep-fission-aims-for-usd166-billion-valuation

[News Wire]

Deep Fission has filed for an initial public offering on the Nasdaq exchange with a target valuation of 1.66 billion dollars. The company intends to raise 156 million dollars to fund the engineering, licensing, and construction of its first pilot borehole nuclear reactor. This move signals a shift toward public capital markets for developers of unconventional small modular reactor designs.

California-based Deep Fission, which plans to place small modular reactors in boreholes a mile underground, has announced plans for an initial public offering of shares, which values it around USD1.66 billion. ;

The US company is planning to raise around USD156 million in listing on the Nasdaq exchange. It says it "intends to use the net proceeds from this offering for general working capital and corporate purposes, including towards the engineering, research and development, licensing and construction of its first pilot nuclear reactor and related technologies".

Read the full article at World Nuclear News:
https://world-nuclear-news.org/articles/deep-fission-aims-for-usd166-billion-valuation