Nuclear startup Oklo dips after $400 mln equity offering launched

Shares of Oklo OKLO.N, nuclear technology startup backed by billionaire OpenAI CEO Sam Altman, down 1% to $67.13 early Thurs as it seeks $400 mln equity raise

Oklo late Weds commenced stock offering for general purposes, working capital, capex and potential future investments

On Weds, OKLO shares soared nearly 30% to $68.03, a record high close, as co moves closer to power purchase agreement with U.S. Air Force

Goldman Sachs and BofA are lead bookrunners for stock offering

As of May 30, co had 139.5 mln shares outstanding, giving it about $9.3 bln market cap

Shares have more than tripled YTD

In Apr, Altman stepped down as chairman of Oklo, nearly a year after co went public after merging with Altman's SPAC, AltC Acquisition Corp

Of 10 analysts covering OKLO, recommendation breakdown is 8 "strong buy" or "buy" and 2 "hold" ratings; median PT of $56.50 up from $46.78 a month ago, latest LSEG data reflects