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Shares of NuScale Power Corp., a U.S. developer of small modular nuclear reactors, started trading May 3 on the New York Stock Exchange under the ticker symbol SMR.
The company went public after completing its merger with Spring Valley Acquisition Corp., a special purpose acquisition company backed by Pearl Energy Investments. The combined entity is expected to have an enterprise value of approximately $1.9 billion, NuScale said in a May 2 news release.
NuScale received $380 million in gross proceeds from the...