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Rick Perry's data center REIT Fermi targets $13 billion valuation in US IPO

A man walks on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., April 7, 2025. REUTERS/Brendan McDermid/File Photo Purchase Licensing Rights, opens new tabCompaniesSept 24 (Reuters) - Fermi, co-founded by former U.S. Energy Secretary Rick Perry, is targeting a valuation of up to $13.16 billion in its U.S. initial public offering, it said on Wednesday, as the AI boom fuels spending on data centers.The Amarillo, Texas-based real estate investment trust plans to raise ...

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