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Rick Perry’s REIT Fermi Surges 55% After $683 Million IPO

October 1, 2025 at 4:03 PM UTCUpdated on October 1, 2025 at 8:28 PM UTCFermi Inc. shares rose 55% in their debut after the energy real estate investment trust raised $682.5 million in its US listing, the latest sign of investors’ hunger for exposure to a boom in artificial intelligence.Shares of the company closed at $32.53 versus an IPO price of $21. Fermi sold 32.5 million shares after pricing them within a marketed range of $18 to $22....

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