Standard Nuclear Sets IPO Terms That Could Push Market Cap Above $3.5 Billion

(11:29 GMT) *Standard Nuclear Sets IPO at 18.25 Million Shares Priced at $18-$21 Each (11:48 GMT) Standard Nuclear Sets IPO Terms That Could Push Market Cap Above $3.5 Billion

By Colin Kellaher

Standard Nuclear unveiled plans for an initial public offering that could give the nuclear-fuel company an initial market capitalization topping $3.5 billion.

Standard Nuclear on Tuesday said it plans to sell 18.25 million shares at between $18 and $21 apiece in the IPO.

At the $19.50 midpoint of that price range, the Oak Ridge, Tenn., company said it expects net proceeds of about $330 million, or roughly $380.2 million if the underwriters exercise an option to buy an additional 2.74 million shares.

Standard Nuclear said it would have nearly 171.7 million shares outstanding after the IPO, assuming an exercise of the overallotment option, for a market capitalization of about $3.6 billion at the high end of pricing at $21 a share.

The company said it has applied to list its shares on the New York Stock Exchange under the symbol STDN.

Write to Colin Kellaher at colin.kellaher@wsj.com