* Quarterly revenue increases to $593,802
* Company plans NYSE listing as 'STDN'
* Earlier funding round raised $140 million
(Adds details on nuclear firms' IPOs)
June 18 (Reuters) - Nuclear fuel company Standard Nuclear
reported an increase in quarterly revenue as it filed for an
initial public offering in the United States on Thursday,
joining a host of startups looking to tap the public markets.
Activity in the U.S. IPO market has seen a rebound in recent
months, with several sectors joining in on the investor
enthusiasm surrounding fresh stocks currently prevailing.
President Donald Trump signed executive orders in May 2025,
aimed at jumpstarting the U.S. nuclear energy industry by easing
the regulatory process on approvals for new reactors and
strengthening fuel supply chains.
Nuclear reactor developer X-Energy ( XE ) debuted in New
York in April after raising $1.02 billion in its IPO while Deep
Fission went public earlier in the day.
Standard Nuclear produces advanced nuclear fuel and
radioisotope power systems, with a focus on scaling up domestic
manufacturing capacity to bolster U.S. energy security.
It is the only independent producer in the United States of
TRISO fuel - a high-performance material used in next-generation
nuclear reactors - according to the IPO filing.
The company supplies reactor-agnostic fuel solutions for
both terrestrial and space applications, serving aerospace and
defense customers.
Standard Nuclear announced earlier this year that it had
raised $140 million in an early-stage funding round led by
Decisive Point. Its other backers include Chevron Technology
Ventures and Andreessen Horowitz.
The company reported revenue of $593,802 in the three months
ended March 31, compared with $377,926 a year earlier.
The terms of the offering were not disclosed in the filing.
It said the proceeds from the IPO would go towards general
corporate purposes and to acquire or invest in complementary
businesses.
The company intends to list its shares on the New York Stock
Exchange under the ticker symbol "STDN". BofA Securities,
Goldman Sachs, Barclays and UBS Investment Bank are among the
underwriters for the offering.
(Reporting by Pritam Biswas in Bengaluru; Editing by Joyjeet
Das)