00:00A perfect storm. We read the press release so you don't have to.
00:05Holtec's official explanation focused on the market, not on a newly disclosed change in its underlying business.
00:12In its press release, the company said that, after discussions with its banking syndicate,
00:18it decided to postpone the offering because an unusual confluence of developments
00:24had impaired confidence in the market for new public offerings.
00:28Holtec added that adverse sentiment had affected equities generally,
00:32and the nuclear sector particularly, during the preceding two weeks.
00:37Founder and CEO Kreese Singh offered his own characterization to the Financial Times,
00:43calling the situation like a perfect storm.
00:46Singh said Holtec's business was viewed, rightly or wrongly, as connected to data centers
00:52because it provides nuclear power, and he described that connection as a major factor
00:58in negative market sentiment toward nuclear.
01:01Those are two separate claims.
01:03The corporate statement described broad IPO and nuclear market conditions,
01:09while Singh personally emphasized how investors were linking nuclear power with data center sentiment.
01:16Watch the full breakdown, tap the related video.
01:19are same as an international support system in the middle of the country and the level of the country.
01:19as a major change in the country.
01:19We see the university of international entertainment industry and the other things they do now.
01:20So, let's go.
01:21The city of the United Nations
01:21president and the different world.
01:21We see it in a difficult time,
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