Going nuclear: Uranium Trading Corp. launches $50 million IPO

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Uranium Trading Corp., a newly-formed vehicle investing in the civil uranium market, launched its IPO on Wednesday.

The El Segundo, CA-based company plans to raise about $50 million at a range of $10 to $12, implying a deal size of 4.5 million shares. At the midpoint of the proposed range, Uranium Trading Corp. would command a market value of $54 million. 

Uranium Trading Corp. was formed in 2018 and plans to list on the NYSE American under the symbol UTC. B. Riley FBR is the sole bookrunner on the deal. It is expected to price during the week of November 12, 2018.

The article Going nuclear: Uranium Trading Corp. launches $50 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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