Rick Perry's data center REIT Fermi targets $13 billion valuation in US IPO

Fermi America IPO: Stock listing date nears for AI data center and power company backed by Rick Perry

As the rise of artificial intelligence continues, companies operating in this space or relying on the technology are finding that they have two inextricable needs: data centers that can run and process the AI, and access to ample energy to power those vast data centers. One new company, Fermi America, aims to offer solutions for both these needs. And this week, Fermi announced its plans for an upcoming initial public offering and dual stock list…

Fermi, backed by Ex-U.S. Energy Secretary Rick Perry, targets $550M IPO at $13B valuation amid AI data center boom - Tech Startups

Fermi, the Texas energy startup co-founded by former U.S. Energy Secretary Rick Perry, is setting its sights high as it moves to go public. The company filed plans on Wednesday to raise up to $550 million in its U.S. IPO, […] The post Fermi, backed by Ex-U.S. Energy Secretary Rick Perry, targets $550M IPO at $13B valuation amid AI data center boom first appeared on Tech Startups.

Former energy secretary Rick Perry's data center REIT launches IPO roadshow (FRMI:Pending)

Data center REIT Fermi (FRMI) announced on Wednesday the launch of a roadshow for its proposed IPO of 25M shares, expected to be priced between $18 and $22 per share.

Rick Perry’s Energy REIT Fermi Seeks Up to $550 Million in IPO

Fermi Inc., a real estate investment trust co-founded by former US Secretary of Energy Rick Perry, is planning to raise as much as $550 million in an initial public offering.

Fermi America™ Announces Launch of Initial Public Offering

AMARILLO, Texas, Sept. 24, 2025 /PRNewswire/ -- Fermi LLC (to be converted into Fermi Inc. prior to the effectiveness of its Registration Statement on Form S-11) ("Fermi America") announced today that it has launched the roadshow for its proposed initial…

Rick Perry’s data center REIT Fermi targets $13 billion valuation in US IPO

(Reuters) -Fermi, a data center builder co-founded by former U.S. Energy Secretary Rick Perry, said on Wednesday it was targeting a $13.16 billion valuation in its initial public offering in the United States. The Amarillo, Texas-based real estate investment trust is seeking to raise up to $550 million by offering 25 million shares priced between $18 and $22 apiece. Data centers have become one of the most important infrastructure in the world a…