Westinghouse Could IPO at a $50 Billion Valuation. Cameco's Stake Alone Would Be Worth $24.5 Billion.
Westinghouse's IPO could unlock significant value for its owners.
Overview
Nuclear services giant Westinghouse Electric is reportedly seeking a valuation of more than $50 billion for its upcoming initial public offering, according to a Bloomberg report. That IPO could come as early as October. That proposed valuation would be a boon for Cameco (NYSE:CCJ), which owns a 49% interest in Westinghouse. It implies Cameco's stake is worth over $24.5 billion. Cameco's co-owners, which include Brookfield Renewable (NYSE:BEPC)(NYSE:BEP), would also see a significant uplift in value if Westinghouse prices its IPO at or above the desired valuation.
Here's a look at what this valuation would mean for the nuclear energy company's owners.
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Originally published at www.fool.com.