The climate tech IPO window could finally be cracking open
Nuclear startup X-energy went public, raising $1 billion in an upsized share offering, while geothermal startup Fervo filed for an initial public offering. The climate tech IPO window appears to be opening, with investors valuing Fervo at around $3 billion.
Climate tech startups X-energy and Fervo are making moves in the public markets. X-energy went public, raising $1 billion, with its stock popping 25% in the first hour of trading. Fervo filed for an initial public offering, with private investors valuing the company at around $3 billion. The trend is driven by rising demand for electricity, partly due to the AI craze. Investors expect more energy-related startups to go public, particularly those specializing in nuclear fission or enhanced geothermal. The IPOs will allow investors to return capital to their limited partners, unlocking climate tech funding.
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