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Market Chatter: Amazon, Ares Set for Big Windfall From X-Energy IPO

-- Ares Management (ARES), Amazon (AMZN) and Ken Griffin are set to score large gains from X-Energy's (XE) initial public offering, which is expected to take place Friday at a valuation of over $9 billion, The Wall Street Journal reported, citing people familiar with the matter.

Griffin is poised to register paper gains of about $300 million on a $100 million investment he made about 18 months ago, the people told the media outlet. Ares, which invested over $160 million in X-Energy, is set to make over four times that amount, other people familiar with the matter reportedly said. Amazon owns close to 20% of the nuclear and fuel company, the report said.

Ares, Amazon and Griffin didn't immediately reply to requests for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $259.77, Change: $+4.69, Percent Change: +1.84%

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