Rick Perry's data center REIT valued at nearly $15 billion as shares jump in Nasdaq debut
01/10/2025 16:59
Oct 1 (Reuters) - Shares of Fermi FRMI.O, co-founded by former Texas Governor and U.S. Energy Secretary Rick Perry, opened 19% above the offer price in their Nasdaq debut on Wednesday, valuing the data center real estate investment trust at $14.8 billion. (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Arun Koyyur and Tasim Zahid) ((ArasuKannagi.Basil@thomsonreuters.com;))
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