US Stocks Movement | Standard Nuclear (STDN.US) Debuts on US Stock Market, Closes Down 18% on First Day

Zhihu Finance APP reports that on Thursday, Standard Nuclear (STDN.US) debuted on the US stock market, closing down 18% on its first day of trading at $12.3. The IPO price was $15. Standard Nuclear is responsible for the design, engineering, manufacturing, and production of TRISO fuel, an advanced nuclear fuel used in small modular reactors and microreactors. The company operates the only dedicated, privately funded, industrial-grade TRISO production line in the United States, with the related underlying assets acquired from Ultra Safe Nuclear through a bankruptcy auction in 2024. The company's revenue mainly comes from fuel development agreements signed with commercial clients and US government agencies, with a total current contract backlog of up to $245 million.