Westinghouse Targeting Over $50 Billion Valuation in US IPO

Westinghouse Electric Co. is targeting a valuation exceeding $50 billion in its planned U.S. initial public offering, according to people familiar with the matter. The nuclear reactor technology provider's float would mark one of the largest IPOs in the energy infrastructure space if achieved at that level.

The company supplies reactor technology and services to nuclear power plants globally. The IPO comes as nuclear energy gains momentum in policy discussions around baseload clean power and energy security. Westinghouse has not yet disclosed the number of shares it plans to offer or a pricing range for the deal.

The $50 billion-plus valuation would represent a significant test of public market appetite for nuclear energy exposure. Westinghouse was acquired by Brookfield Renewable Partners and Cameco Corp. in 2018 after emerging from bankruptcy. The company's financial performance and order book details have not been disclosed in the available materials.