Fermi America Announces Pricing of Initial Public Offering

Rick Perry’s data center REIT set for Nasdaq debut after $683 million IPO

(Reuters) -Fermi is set to debut on the Nasdaq on Wednesday after raising $682.5 million in its IPO, a key test of market appetite for a pre-revenue data center real estate investment trust still in the early stage of its journey. While development-stage firms have gone public before, its unusual for a company under a year old with no revenue to pursue an IPO at a $10 billion-plus valuation. “It (Fermi’s IPO) speaks to the gold rush happening in…

Rick Perry's Energy REIT Fermi Raises $682.5 Million in IPO

(Bloomberg) — Fermi Inc., a real estate investment trust co-founded by former US Secretary of Energy Rick Perry, raised $682.5 million in an initial public offering, pricing its shares in the upper half of the marketed range.

Rick Perry’s Energy REIT Fermi Raises $682.5 Million in IPO

Fermi Inc., a real estate investment trust co-founded by former US Secretary of Energy Rick Perry, raised $682.5 million in an initial public offering, pricing its shares in the upper half of the marketed range.

Fermi America Announces Pricing of Initial Public Offering

AMARILLO, Texas, Sept. 30, 2025 /PRNewswire/ -- Fermi Inc. ("Fermi America" or the "Company") announced today the pricing of its initial public offering of 32,500,000 shares of its common stock at a public offering price of $21.00 per share. In…

Fermi $683M IPO Rockets to $14.8B Valuation With Dual-Listing Twist - USA Herald

Fermi, a real estate investment trust co-founded by former U.S. Energy Secretary Rick Perry, stormed into the public markets Wednesday with a $683 million initial public offering that catapulted its valuation to a staggering $14.8 billion. The Texas-born venture, anchored in Amarillo, aims to rewrite the playbook on artificial intelligence infrastructure by building a massive energy-backed data center campus. Shares opened at $25 on the Nasdaq—c…

Rick Perry’s Fermi America Raises $682M in IPO for Nuclear AI Data Centers

In the high-stakes world of artificial intelligence infrastructure, Fermi America Inc. has emerged as a bold contender, blending cutting-edge data centers with ambitious power generation plans. The company, co-founded by former U.S. Energy Secretary Rick Perry, priced its initial public offering at the top of its expected range late Tuesday, raising $682.5 million by selling 32.5 million shares at $21 each. This move underscores investor enthusi…