Amazon-backed X-Energy raises $1.02B IPO

Amazon-backed nuclear energy firm X-Energy has successfully raised $1.02 billion in an upsized initial public offering. This significant funding round indicates a resurgence of investor confidence in the IPO market, particularly for companies in the energy sector. The capital infusion is expected to fuel X-Energy's growth and development in the nuclear energy space. The successful IPO marks a positive development for both the company and the broader market's appetite for new public offerings.