SK Hynix, Intel Discuss U.S. Memory Chip Production Deal 
Cathie Wood Backs AI Slowdown as Safety Concerns Grow 
Japan, U.S. Discuss $19 Billion GlobalFoundries Chip Plant 
Syngenta Files for Hong Kong IPO, Eyes $5 Billion Raise 
Unsustainable – or manageable? We don’t yet know how data centres will impact Australia’s environment 
American Airlines Eyes Capacity Cuts as High Fuel Prices Persist 
DOJ Will Investigate AI-Related Crimes, Attorney General Blanche Says 
Apple Pay Set for India Launch With Axis Bank 
Meta CEO Zuckerberg Backs Independent AI Safety Reviews Over Development Slowdown 
Volvo Cars Plans 13 New Models by 2030 to Boost Sales 
Bill Gates Warns Governments Are Unprepared for AI Disruption 
Nvidia CEO Jensen Huang Expected at Trump-Xi State Dinner 
SoftBank Shares Jump 8% as SB Energy IPO Optimism Builds 
NASA, Boeing Discuss Expanding Starliner Missions 
US Federal Register Drops Alibaba Qwen AI Search Tool 
AI is supercharging money scams – here’s what you can do to protect yourself 
Europe can’t achieve space sovereignty alone. Here’s why 
Add as a preferred source on Google
Westinghouse Electric Co. is seeking a valuation of more than $50 billion for its planned U.S. initial public offering, as the nuclear technology company moves closer to a public market debut amid growing interest in nuclear energy.
According to a Bloomberg report citing people familiar with the plans, Westinghouse could publicly file for the IPO as early as October. However, the size, valuation and timing of the offering could still change as preparations continue.
Westinghouse, jointly owned by Brookfield Renewable Partners and Cameco Corp., previously announced in July that it had confidentially filed for a U.S. listing. Citigroup and Goldman Sachs are reportedly leading the IPO, while Canadian Imperial Bank of Commerce, JPMorgan Chase and Royal Bank of Canada are also involved.
Cameco's U.S.-listed shares climbed as much as 3.6% following the report before giving back part of the advance, highlighting investor interest in Westinghouse's potential valuation.
The planned Westinghouse IPO comes as demand for nuclear power technology grows worldwide. The company employs more than 12,500 people across 21 countries and has a substantial footprint in the global nuclear industry.
According to Cameco's earnings release, Westinghouse technology is used by 57% of the world's 417 nuclear reactors. The company also has a pipeline of as many as 91 potential opportunities involving its latest-generation nuclear reactor technology, positioning it to benefit from renewed investment in nuclear power infrastructure.
A valuation above $50 billion would represent a significant increase from the level associated with Cameco's investment three years ago. Cameco acquired a 49% stake in Westinghouse in 2023 in a transaction that valued the nuclear technology provider at approximately $8 billion.
The IPO could provide investors with direct exposure to one of the world's largest nuclear reactor technology companies at a time when governments and businesses are increasingly considering nuclear energy to meet rising electricity demand and long-term energy security goals.
