Amid a revival in the primary offering market, Freedom Broker analysts recommend paying attention to two IPOs that will list on the New York Stock Exchange on July 16. These are the owner of the Csquare data center network (expected ticker: CSQR) and Standard Nuclear, a producer of nuclear fuel for small modular reactors (expected ticker: STDN). According to experts, both companies could become among the key beneficiaries of long-term structural trends — the development of artificial intelligence and growing demand for new sources of electricity.
Analysts highlight two long-term trends
Both companies represent areas that are currently in the spotlight for investors. Csquare is betting on rising demand for digital infrastructure, while Standard Nuclear is focused on the development of next-generation nuclear power and small modular reactors.
According to Freedom Broker analysts, investors should assess these offerings through the lens of long-term growth drivers rather than short-term market conditions.
Csquare offers investors a digital infrastructure growth story
Csquare plans to price its shares at $23–27, which implies raising about $1.25 billion and valuing the business at roughly $3.87 billion.
Csquare owns and operates 64 data centers in the U.S. and the U.K., providing colocation services, network connectivity, and hosting of mission-critical IT infrastructure. As of the end of March, the company had approximately 389 MW of sellable capacity and more than 36.6 thousand interconnection products.
The company’s customer base exceeds 1.7 thousand corporate, cloud, network, and technology clients. More than 92% of the U.S. population are within two milliseconds of latency of one of the company’s data centers, providing attractive geographic coverage for large enterprise customers.
Particular interest in the offering may be tied to the continued growth in demand for capacity for artificial intelligence and cloud computing. Analysts note that the digital infrastructure market remains one of the most in-demand among institutional investors due to a high share of recurring revenue and long-term customer contracts.
Standard Nuclear is betting on a nuclear power renaissance
The second major offering will be the IPO of Standard Nuclear, which plans to raise about $356 million at a business valuation of $3.29 billion. The company specializes in producing TRISO fuel for next-generation nuclear reactors, including small modular reactors (SMRs) and microreactors. According to the company, it is the only independent manufacturer in the U.S. with industrial capacity to produce TRISO fuel.
One of the key events for the business was a cooperation agreement with Oklo (OKLO) in nuclear fuel recycling and the production of advanced fuel types. In addition, the company is in talks to join a U.S. Department of Energy program to convert surplus plutonium into reactor fuel.
Analysts note that investor interest in the sector is strengthening amid rising energy consumption by data centers and AI projects. Under these conditions, small modular reactors are seen as one potential source of stable low-carbon generation.
Read more about the Standard Nuclear IPO in Freedom Broker’s analytical report.
High potential comes with elevated risks
Despite the attractiveness of the sector trends, analysts remind that both companies are at relatively early stages of development. For Standard Nuclear, the key risks remain a limited history of commercial operations, the need to scale production, and a high dependence on the pace of development of the advanced reactor market.
In Csquare’s case, investors should take into account the capital intensity of the business and the need for continuous investment to expand infrastructure to meet growing demand for computing capacity. Nevertheless, both companies are entering the market in sectors that, in the view of many market participants, may become among the main recipients of investment over the next decade.
What’s happening in the primary offering market
The U.S. IPO market is gradually recovering after several years of low activity. In 2025–2026, investors again began showing interest in companies operating in artificial intelligence, digital infrastructure, energy, and high technology segments.
In recent weeks, several major issuers have announced plans to go public or have successfully raised capital. The sandwich chain Jersey Mike’s filed for an IPO on the New York Stock Exchange after revenue rose to $724 million and net profit increased to $55 million in 2025. South Korean memory maker SK Hynix is preparing for the largest-ever U.S. listing by a foreign company, aiming to raise about $26.5 billion through an ADR offering.
The special purpose acquisition company Meridian3 Industrials Acquisition Corp., created to carry out a merger, capital exchange, asset acquisition, or share buyback, recently raised $175 million in an IPO on Nasdaq. In early July, AI chipmaker SambaNova Systems raised $1 billion in investment at a business valuation of $11 billion. The company, backed by Intel (INTC), has already indicated the possibility of conducting an IPO in 2027.
Not an individual investment recommendation.