--- title: "US IPO Weekly Recap: Nuclear tech, critical materials, and more in a 4 IPO week" type: "News" locale: "en" url: "https://longbridge.com/en/news/284057226.md" description: "Four IPOs were priced last week, including X-Energy, which raised $1 billion at a $9.5 billion market cap, focusing on advanced nuclear technology. The Elmet Group raised $120 million at a $420 million market cap, specializing in critical materials. Yesway raised $280 million at a $1.3 billion market cap, aiming to expand its convenience store operations. National Healthcare Properties raised $462 million at an $817 million market cap, focusing on healthcare real estate. The IPO market shows positive trends, with the Renaissance IPO Index up 7.7% year-to-date." datetime: "2026-04-24T21:37:21.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284057226.md) - [en](https://longbridge.com/en/news/284057226.md) - [zh-HK](https://longbridge.com/zh-HK/news/284057226.md) --- # US IPO Weekly Recap: Nuclear tech, critical materials, and more in a 4 IPO week Four IPOs priced this past week, featuring nuclear tech, critical materials, real estate, and convenience stores. SMR developer **X-Energy** (XE) upsized and priced well above the range to raise $1.0 billion at a $9.5 billion market cap, the first advanced player in this space to complete a traditional IPO. X-Energy designs advanced nuclear reactor technology, particularly small modular reactors (SMRs), and manufactures nuclear fuel. X-Energy has agreements with a number of blue-chip companies, including Dow, Amazon, and Centrica. However, it has yet to begin construction of its first commercial SMRs, which are not expected to be completed until the early 2030s. X-Energy finished up 27%. Critical materials and microwave systems supplier **The Elmet Group** (ELMT) upsized and priced at the high end to raise $120 million at a $420 million market cap. Elmet manufactures precision components and engineered systems using refractory metals such as tungsten, molybdenum, and niobium, along with high-power microwave technologies, designed for applications in aerospace, defense, and other demanding environments. While smaller than its peers, the company has non-China supply agreements that limit tariff impacts and provide stability. The Elmet Group finished up 21%. Convenience store operator **Yesway** (YSWY) priced at the low end to raise $280 million at a $1.3 billion market cap. Yesway believes it is one of the fastest-growing convenience store operators in the US, with 90 successful openings from 2020 to 2025, and 419 company-operated stores as of 12/31/25. The company boasts leading fuel margins, with an increasing mix of diesel sold, but sustained high fuel prices could reduce demand and depress retail foot traffic. Yesway finished up 9%. Healthcare REIT **National Healthcare Properties** (NHP) priced below the range to raise $462 million at a $817 million market cap. NHP’s portfolio of properties spans 29 states, in two primary segments: Senior Housing Operating Properties and Outpatient Medical Facilities. The REIT’s high pro forma cash balance should support significant inorganic growth, though it has a limited track record of integrating acquisitions. NHP finished up 7%. One sizable issuer joined the pipeline: investment banking advisory firm **Lincoln International** (LCLN). **IPO Market Snapshot** The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 4/23/2026, the Renaissance IPO Index was up 7.7% year-to-date, while the S&P 500 was up 4.2%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include CoreWeave (CRWV) and Kenvue (KVUE). The Renaissance International IPO Index was up 24.1% year-to-date, while the ACWX was up 8.8%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Kioxia and Galderma. ### Related Stocks - [IPO.US](https://longbridge.com/en/quote/IPO.US.md) - [DOW.US](https://longbridge.com/en/quote/DOW.US.md) - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [CNA.UK](https://longbridge.com/en/quote/CNA.UK.md) - [YSWY.US](https://longbridge.com/en/quote/YSWY.US.md) - [NHP.US](https://longbridge.com/en/quote/NHP.US.md) - [IPOS.US](https://longbridge.com/en/quote/IPOS.US.md) - [CRWV.US](https://longbridge.com/en/quote/CRWV.US.md) - [KVUE.US](https://longbridge.com/en/quote/KVUE.US.md) - [ACWX.US](https://longbridge.com/en/quote/ACWX.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) ## Related News & Research - [US IPO Week Ahead: Advisory firm Lincoln International set to follow a hot week for IPOs](https://longbridge.com/en/news/286622978.md) - [IPO Weekly Weigh-in: AI and lottery ticket IPOs?](https://longbridge.com/en/news/287074191.md) - [Cerebras IPO Euphoria Sends CBRS Stock Into Rare Air](https://longbridge.com/en/news/286763495.md) - [National Healthcare Properties Shareholders Approve Directors and Governance Items](https://longbridge.com/en/news/286621923.md) - [NTPC chief cautions against dependence on single supplier for nuclear tech](https://longbridge.com/en/news/286668658.md)