“It (Fermi’s IPO) speaks to the gold rush happening in AI infrastructure right now. It’s a cash geyser,” said Matt Kennedy, senior strategist at Renaissance Capital, a provider of IPO-focused research and ETFs.
Fermi sold 32.5 million shares at $21 each in an upsized IPO, after marketing them between $18 and $22.
Co-founded by former Texas Governor and U.S. Energy Secretary Rick Perry, Fermi has bold ambitions. The company is aiming to build the world’s largest energy and data complex, powered by nuclear, natural gas and solar.
Read more | REUTERS