Holtec International has suspended its planned $900 million IPO due to market volatility in the AI sector. Founder Kris Singh cited a "perfect storm" of economic concerns and the sector's sharp downturn, noting Holtec's perceived connection to AI data centres despite providing nuclear power. The company aims to transform from a nuclear components supplier into a reactor designer and operator.

Singh stated the IPO could resume within three to six months depending on market conditions. Holtec was seeking to raise $900 million by selling 50 million shares priced between $15 and $18, valuing the company at approximately $10 billion. The suspension impacts the broader US nuclear sector, which aims to raise tens of billions for new reactor construction to power AI infrastructure.

Westinghouse, planning up to 10 large-scale reactors, also recently filed for a US listing. Holtec specializes in nuclear waste containers and is restarting a mothballed plant in Michigan while developing next-generation small modular reactors. Singh confirmed Holtec has no liquidity issues and is discussing financing with marquee US companies.