Westinghouse Electric Co. eyes a $50 billion valuation for its upcoming US IPO, buoying shares of co-owner Cameco as the firm leverages strong government support for nuclear energy infrastructure.
Westinghouse is targeting a $50 billion US IPO with strong government support and a large pipeline of reactor opportunities.
Cameco's shares jumped 3.6% on news of the Westinghouse IPO as it holds a significant stake in the company.
Citigroup is leading the underwriting for Westinghouse's upcoming IPO.
Goldman Sachs is co-leading the underwriting for Westinghouse's upcoming IPO.
JPMorgan Chase is working on the listing for Westinghouse's IPO.
Canadian Imperial Bank of Commerce (CIBC) is involved in the Westinghouse IPO process.
Royal Bank of Canada (RBC) is working on the listing for Westinghouse's IPO.
Westinghouse Electric Co. is preparing for a US initial public offering targeting a valuation exceeding $50 billion. The nuclear technology provider, jointly owned by Brookfield Renewable Partners and Cameco Corp., aims to file as early as October, with Citigroup and Goldman Sachs leading the underwriting syndicate.
Westinghouse is jointly owned by Brookfield Renewable Partners and Cameco Corp., with Cameco holding a 49% stake acquired in 2023.
Citigroup and Goldman Sachs are leading the underwriting, with additional support from JPMorgan Chase, CIBC, and Royal Bank of Canada.