Cameco may turn $2.1B into $24B with Westinghouse listing
Westinghouse Electric's investment may soon soar 12x as it gears up for a U.S. stock market listing.
Cameco, a Canadian mining company, has invested $2.1 billion in Westinghouse Electric three years ago. This investment could soon be worth a dozen times that amount as Westinghouse prepares for a US stock market listing. Bloomberg News reported that Westinghouse is looking for a valuation above $50 billion and could file for an initial public offering as early as October.
Cameco owns 49% of Westinghouse, implying a value of over $24.5 billion for its holding before considering shares sold in the offering or potential dilution.
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