Fermi IPO Soars on Data Center and Energy Ambitions

25 days ago

Bloomberg News equities reporter Natalia Kenny-Javich

"The third name is Fermi. This is another IPO story. The ticker is FRMI. The stock is up by 54% today. The IPO price was $28 per share close at 32.5. This is the real invest real estate investment trust founded by the former U. S secretary of energy, Rick Perry... it hopes to get more hyperscalers and data center that could use their facilities and expects to have one gigawatt of power online by the end of next year."

Fermi (FRMI) made a strong debut in the IPO market, surging 54% from its IPO price. The company, backed by former U.S. Energy Secretary Rick Perry, focuses on creating a data center campus integrated with energy infrastructure. The robust performance and future power capacity installations present an intriguing narrative for momentum traders, though it serves more as investor color than a precise trade recommendation.

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