Data center REIT Fermi shares likely to open 100% above IPO price on Nasdaq

Reuters10-01

Oct 1 (Reuters) - Shares of Fermi FRMI.O, co-founded by former Texas Governor and U.S. Energy Secretary Rick Perry, were indicated to open 100% above the offer price in their Nasdaq debut on Wednesday, giving the data center real estate investment trust a potential valuation of nearly $25 billion.

(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Arun Koyyur)

((ArasuKannagi.Basil@thomsonreuters.com;))

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