Rick Perry-backed Fermi REIT raises $682 million in U.S. IPO amid AI data-center boom
U.S. Secretary of Energy Rick Perry speaks to reporters outside the West Wing of the White House, in Washington, U.S., October 23, 2019. REUTERS/Tom Brenner/File Photo Purchase Licensing Rights, opens new tabSept 30 (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 i...
Read more at reuters.com