Core Insights - The U.S. IPO market is experiencing a modest scale with more companies entering, highlighted by a recent IPO and several SPACs debuting [1] - Megan Holdings, a Malaysian aquaculture service provider, priced its IPO at the lower end of its range, raising $5 million with a market cap of $65 million [1][2] - The week saw significant fundraising from SPACs, with Drugs Made In America Acquisition II raising $500 million, and other SPACs led by notable figures like Chamath Palihapitiya and Tom Lee also securing substantial amounts [1][2] IPO Activity - Megan Holdings (MGN) raised $5 million with a market cap of $55 million, showing a first-day return of +21% [2] - American Acquisition A (AEXA) raised $300 million, with a first-day return of +6% [2] - FutureCrest Acquisition (FRCS.U) raised $250 million, achieving a first-day return of +4% [2] - Emmis Acquisition (EMISU) raised $100 million, with no first-day return [2] - Drugs Made In America Acquisition II (DMIIU) raised $500 million, with a first-day return of +10% [2] Upcoming IPOs - Fermi (FRMI), a newly established REIT, plans to raise $500 million with a market cap of $13 billion, focusing on a large-scale data center project [5] - Neptune Insurance (NP) aims to raise $350 million with a market cap of $2.8 billion, providing data-driven insurance products [5] - Commercial Bancgroup (CBK) plans to raise $100 million with a market cap of $367 million [6] - HW Electro (HWEP) is set to raise $17 million with a market cap of $16.9 million [6] Initial Filings - Six IPOs submitted initial applications, including HCI Group Exzeo (XZO) seeking $100 million and Ethos Technologies (LIFE) also targeting $100 million [2][4] - Other companies filing include YCS Group Holdings (YCSG.RC) for $14 million, PressLogic (PLAI) for $12 million, Seahawk Recycling Holdings for $10 million, and CSC Collective Holdings for $7 million [2][4] SPAC Filings - Three SPACs filed initial applications, including Lafayette Digital Acquisition I seeking $250 million, Climate Transition Special Opportunities SPAC I aiming for $150 million, and Creative Future Acquisition targeting $60 million [3][4]

Group 1 - The hyperscaler tech companies and semiconductor producers are central to capitalizing on the growth of Artificial Intelligence, but industries that support AI growth are also experiencing significant benefits [1] - The article highlights the importance of long-term investment strategies, focusing on maximizing total return by purchasing assets when their prices are low relative to intrinsic value [1] Group 2 - The author has a beneficial long position in specific shares, indicating a personal investment interest that may influence the analysis presented [2] - The article emphasizes that past performance does not guarantee future results, suggesting a cautious approach to investment decisions [3]

智通财经APP获悉，专注于开发人工智能(AI)用途电力及数据中心基础设施的得克萨斯州房地产投资信 托基金(REIT)Fermi(FRMI.US)，于周三公布了首次公开发行(IPO)的具体条款。该公司计划在纳斯达克 交易所与伦敦证券交易所实现双重上市。这家总部位于得克萨斯州阿马里洛市的企业，拟通过发行2500 万股股票募集5亿美元资金，发行价区间定为每股18至22美元。若按发行价区间中值计算，Fermi的市值 将达到130亿美元。 Fermi正计划在得克萨斯理工大学校园内开发一座占地1500万平方英尺(约合139.35万平方米)的综合发电 厂与数据中心，该项目名为"斗牛士计划"(ProjectMatador)。目前，公司已就该场地签订长期租赁协议， 项目处于规划阶段。 根据规划，Fermi将于2026年底前完成100万平方英尺(约合9.29万平方米)的数据中心容量建设，并部署1 吉瓦(GW)电力;到2038年，其电力容量将拓展至近11吉瓦，能源来源将涵盖太阳能、天然气及核能。值 得注意的是，该公司目前尚未产生任何营收。 Fermi成立于2025年，此次IPO计划在纳斯达克交易所挂牌，股票代码定为"FRMI"。此 ...

(Reuters) -Fermi, co-founded by former U.S. Energy Secretary Rick Perry, is targeting a $13.16 billion valuation in its U.S. initial public offering, it said on Wednesday, as the AI boom fuels spending on data centers. The Amarillo, Texas-based data center builder plans to raise up to $550 million by offering 25 million shares priced between $18 and $22 apiece. Data centers have become highly sought after as technology companies race to develop cutting-edge artificial intelligence models, which relies he ...