Laser uranium enrichment technology developer LIS Technologies (LIS.US) sets IPO price at $5-7 per share, aiming to raise $17 million

According to Zhihui Finance APP, LIS Technologies, which specializes in the development of laser uranium enrichment technologies for the nuclear energy sector, filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) on Monday. The company plans to issue 2.8 million shares at a price range of $5 to $7 per share, aiming to raise $17 million. LIS Technologies intends to list on Nasdaq under the ticker “LIS.”

LIS Technologies co-founders and executives Jay Jiang Yu and Christo Liebenberg have indicated an intention to subscribe up to $500,000 worth of shares in the IPO, accounting for 2.9% of the offering size. Based on the midpoint of the proposed price range, LIS Technologies’ fully diluted market capitalization would reach $589 million.

LIS Technologies is an early-stage uranium enrichment company developing patented and proprietary laser uranium enrichment technology, with its core CRISLA process aimed at producing enriched uranium for the nuclear energy industry. The company’s target customers include operators of commercial light water reactors, as well as developers and operators of advanced reactors, such as small modular reactors and microreactors.

The company has launched laboratory-scale testing in Oak Ridge, Tennessee, and plans to begin pilot plant operations around 2030, contingent upon securing funding and obtaining approval from the U.S. Nuclear Regulatory Commission (NRC), with commercial uranium enrichment facilities targeted for completion by around 2033. The company is one of six participants in the U.S. Department of Energy (DOE) Low Enriched Uranium (LEU) procurement program.