Westinghouse seeks $50B-plus valuation in U.S. IPO, targets October filing - Bloomberg

Westinghouse Electric is aiming for a valuation of over $50 billion in its upcoming US initial public offering, as the company seeks to capitalize on the growing interest in nuclear power. The proposed valuation has not been confirmed yet and could change as the preparations progress. Westinghouse filed a draft registration statement with the US Securities and Exchange Commission on July 31, and the number of shares, price range, and timing of the offering remain undetermined.

Cameco, which owns 49% of the company, stated that the flotation would proceed if market and other conditions were met. Brookfield Renewable Partners and institutional partners hold the remaining 51%. A valuation exceeding $50 billion would represent a significant increase from the company's 2023 sale price and reflects the renewed interest in nuclear power, driven by the rising demand for electricity from data centers, artificial intelligence infrastructure, and industrial expansion.