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Westinghouse Electric targets an IPO tied to nuclear power momentum

The move is framed around backing from the U.S. government, an incentive the company expects to help nuclear growth.

Reported · Written up by our desk · IPOs

Westinghouse Electric is looking toward an initial public offering, aiming to ride a renewed wave of interest in nuclear power, according to the WSJ Markets.

The publication characterizes the company as having a major ally in the U.S. government, which it says has a clear incentive to support the industry’s expansion.

With that backdrop, the IPO plan is presented as a way to align Westinghouse’s growth strategy with the broader nuclear power revival.

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