Data center REIT Fermi shares likely to open 100% above IPO price on Nasdaq
01/10/2025 15:37
Oct 1 (Reuters) - Shares of Fermi FRMI.O, co-founded by former Texas Governor and U.S. Energy Secretary Rick Perry, were indicated to open 100% above the offer price in their Nasdaq debut on Wednesday, giving the data center real estate investment trust a potential valuation of nearly $25 billion. (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Arun Koyyur) ((ArasuKannagi.Basil@thomsonreuters.com;))
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