The Texas-based group aims to build the world's largest data center on a parcel of land in the Texas Panhandle. ...

Fermi Ord Shs (NASDAQ:FRMI) are trending on Thursday.Check out the current price of FRMI stock here. FRMI jumped 9.14% to $35.50 in after-hours trading on Wednesday following its Nasdaq debut and opening bell ceremony.Nasdaq Debut Exceeds IPO PriceThe data center real estate investment trust (REIT) debuted at $25 on Wednesday, marking a 19% increase from its $21 initial public offering (IPO) price, and giving the company a valuation of $14.8 billion, according to Reuters. See Also: Pump.fun Up 12%, Breaks R ...

Core Insights - Fermi's shares surged 55% on their first trading day, closing at $32.53 after an IPO price of $21, with an additional 7% increase in after-hours trading, indicating strong investor interest in AI-related stocks [2][3] - The company is developing a large AI data center campus in Texas, with plans for 15 million square feet of capacity and 11 GW of power from various sources, expecting to break ground in March [4][7] - Fermi is unique as it operates as a real estate investment trust (REIT), which typically requires profit distribution to investors, but it does not expect to have leasable property until the end of next year [5][8] Industry Context - The success of Fermi's IPO reflects ongoing strong demand for AI-related stocks, following a trend of significant gains in the sector over the past three years [3][7] - Other AI-related IPOs have also seen remarkable first-day performances, such as Figma's 250% increase and Coreweave's over 200% rise since its debut [3] - Fermi's single-site portfolio contrasts with other data center REITs that offer diversified property holdings, highlighting its unconventional approach in the market [8]

If you like to see more ideas, please subscribe to the premium service "Value in Corporate Events" here and try the free trial. In this service we cover major earnings events, M&A, IPOs and other significant corporate events with actionable ideas. Furthermore, we provide coverage of situations and names on request!Shares of Fermi Inc. (NASDAQ: FRMI ) have seen very strong opening day returns , as of midday trading. The datacenter AI enablement REIT, which largely only exists on appear, is going public on th ...

Core Insights - Fermi, a Texas-based real estate investment trust focused on AI-driven power and data center infrastructure, has seen its stock rise over 25% to $26.27 following its IPO priced at $21 [1] Company Overview - Fermi plans to develop a 15 million square foot (approximately 1.3935 million square meters) power plant and data center on the Texas Tech University campus, named "Project Matador" [1] - The company has signed a long-term lease agreement for the site, and the project is currently in the planning stage [1] Project Details - Fermi aims to complete the construction of 1 million square feet (approximately 92,900 square meters) of data center capacity and deploy 1 gigawatt (GW) of power by the end of 2026 [1] - By 2038, the company's power capacity is expected to expand to nearly 11 GW, with energy sources including solar, natural gas, and nuclear [1] Financial Status - It is noteworthy that Fermi has not yet generated any revenue [1]

Core Viewpoint - Fermi, a Texas-based real estate investment trust focused on AI-powered power and data center infrastructure, has successfully launched its IPO, with shares rising over 25% to $26.27 from an initial price of $21 [1] Company Summary - Fermi plans to develop a comprehensive power plant and data center on a 15 million square feet (approximately 1.3935 million square meters) site at Texas Tech University, named "Project Matador" [1] - The company has signed a long-term lease agreement for the site, and the project is currently in the planning stage [1] - Fermi aims to complete the construction of 1 million square feet (approximately 92,900 square meters) of data center capacity and deploy 1 gigawatt (GW) of power by the end of 2026 [1] - By 2038, the company's power capacity is expected to expand to nearly 11 GW, with energy sources including solar, natural gas, and nuclear [1] - It is noteworthy that the company has not yet generated any revenue [1]

Core Viewpoint - Fermi's IPO is priced at the high end of its expected range, indicating strong investor interest in the company, which is associated with AI technology and Donald J. Trump [1] Group 1: IPO Details - Fermi's IPO pricing reflects robust demand, suggesting confidence in the company's growth potential within the AI sector [1] - The pricing strategy positions Fermi to capitalize on current market trends favoring AI investments [1] Group 2: Market Context - The interest in Fermi's IPO is part of a broader trend where investors are eager to engage with companies linked to AI advancements and notable public figures [1] - The association with Donald J. Trump may also attract a specific investor demographic, further enhancing the IPO's appeal [1]

(Reuters) -Fermi, a data center real estate investment trust co-founded by former U.S. energy secretary Rick Perry, said on Tuesday it raised $682.5 million in its U.S. initial public offering. The Amarillo, Texas-based company sold 32.5 million shares at $21 apiece, compared with its marketed range of $18 to $22 apiece. The IPO valued Fermi, which was founded in January 2025, at $12.46 billion. Fermi focuses on large-scale AI power and data center infrastructure and has set its sights on building what ...

Group 1 - The company Fermi is preparing for an IPO of 32.5 million shares with an estimated price range of $18 to $22 each [1] - Fermi has not yet generated any revenue prior to its IPO [1] - The trading for Fermi's shares is set to begin on Wednesday [1]

Core Viewpoint - Fermi, a Texas-based REIT focused on AI-related power and data center infrastructure, has increased its IPO fundraising target to $650 million by offering 32.5 million shares at a price range of $18 to $22 per share, raising its expected market valuation to $13.2 billion [1] Company Summary - Fermi plans to develop a 15 million square feet power plant and data center on the Texas Tech University campus, named "Project Matador," and has signed a long-term lease for the site [1] - The project is currently in the planning stage, with a goal to complete 1 million square feet of data center capacity and deploy 1 GW of power by the end of 2026 [1] - By 2038, Fermi aims to expand its power capacity to nearly 11 GW, utilizing energy sources including solar, natural gas, and nuclear [1] - The company has not yet generated any revenue [1]