Former Energy Secretary’s Startup Mints Three Billionaires Despite No Revenues

Fermi stock price rises today after successful IPO: Rick Perry’s data center firm benefits from AI FOMO

Despite being under a year old and having no revenue, Fermi America had a very successful initial public offering (IPO) this week. The company, which aims to provide data and power centers for artificial intelligence, saw its shares (Nasdaq: FRMI) close at $32.53 on their first day of trading Wednesday, up nearly 55% from their IPO price of $21 per share.  Fermi’s stock price continued to rise through after-hours and into premarket trading on Th…

Rick Perry’s Energy REIT Fermi Jumps 19% After $683 Million IPO

Fermi Inc. shares opened 19% above their initial public offering price in New York after the energy real estate investment trust raised $682.5 million in its US listing.

Former Energy Secretary’s Startup Mints Three Billionaires Despite No Revenues

Fermi America’s IPO on Wednesday catapulted the fortunes of multiple investors—including Rick Perry’s son and the son of a former GOP congressman—into the ten figures.

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

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

Rick Perry-Founded Energy REIT Clocks $683M IPO, Shares Surge

Fermi, the energy REIT co-founded by former Secretary of Energy Rick Perry and Toby Neugebauer of Quantum Energy Partners, raised $682.5M on its first day on the stock market.

Fermi Surges 55% in Market Debut After USD 682m IPO

Fermi’s Bold Entry: 55% IPO Rally for a Zero-Revenue Energy AI REIT Fermi (Nasdaq: FRMI) made one of the most dramatic market debuts in recent memory, climbing 55% from its USD 21 IPO price on its first day of trading. Yet this is far from a typical growth stock. Fermi is an early-stage company attempting…