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Looking to invest? Visit our full stock guide for Fermi (FRMI) to see live share price, how to buy shares and key market updates.
Looking to invest? Visit our full stock guide for Fermi (FRMI) to see live share price, how to buy shares and key market updates.
Fermi Inc., co-founded by former US Energy Secretary Rick Perry, is preparing for its initial public offering (IPO), aiming to raise up to $550 million at a valuation of approximately $13 billion.(1)
The Texas-based company is developing “Project Matador,” a massive AI-focused energy and data center complex, with its first gigawatt expected online by 2026. While still pre-revenue, Fermi aims to become a major player in AI infrastructure.
Fermi intends to list its shares on both the Nasdaq and the London Stock Exchange under the ticker symbol “FRMI.”
Fermi aims to raise up to $550 million at a valuation of approximately $13 billion by offering 25 million shares priced between $18 and $22 each.(1) The company intends to use the funds to acquire equipment and build powered shells for its facility.
According to its Form S-11, Fermi generated no revenue for the period from January 10, 2025 through June 30, 2025. It has incurred a $6.4 million loss since its inception through June 30.(2)
The exact IPO date and pricing details are forthcoming. We'll update this page with more information as it becomes available.
Once Fermi goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
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