Holtec Nuclear has suspended its planned U.S. initial public offering after citing market conditions, Bloomberg reported, citing an emailed company statement. The Camden, New Jersey-based nuclear-services company had sought to raise as much as $900 million by selling 50 million shares at $15 to $18 each, with pricing expected Thursday. Holtec said it had postponed rather than abandoned the offering and would continue evaluating its timing. The company supplies steel and concrete casks for nuclear-waste storage, helps decommission shuttered reactors including New York's Indian Point, and is developing reactor technology targeted for deployment in the early 2030s. The suspension comes as nuclear investment interest has increased amid rising electricity demand from artificial-intelligence data centers, although developers have faced delays in commercializing small modular reactors. Holtec reported $205.6 million of net income on $269.9 million of revenue for the six months ended June 30, compared with $139.1 million of net income and $286.6 million of revenue a year earlier. JPMorgan, Guggenheim Securities, Goldman Sachs, Citigroup and Bank of America were leading the planned offering.