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Fermi AI data center power provider issues IPO

Fermi, a Texas company dedicated to using natural gas power plants and nuclear reactors to power AI data centers, priced its IPO at $21 per share, issuing a total of 32.5 million shares, valuing it at about $13 billion. From non-existence to imminent listing in just 10 months, Fermi faced challenges and risks.

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    • Fermi IPO Is a Risky Bet on AI Power. The Stock Soared 55% in Its Debut

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    • The0The0
      ·10-02
      $Fermi Inc.(FRMI)$ Fermi listed its shares on Wednesday during trading hours, where it hovered at $25 to $29 for most of its trading session, during the last 10 minutes it pushed its daily high every other minute, closing just over $35.65. Fermi had a land lease to building one of the largest AI-fueled Data Centres in the States. It's IPO came at a very strategic timing, with the AI wave as a tailwind and Rick Perry (Former Texas governor and friend of President Trump) as a co-founder of the company. Closest comp will be Data Centre giant, CoreWeave. I entered a fairly sizable position and exit quickly, if I were to have held it to post market, my gains would've quadrupled.
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    • The0The0
      ·10-02
      $Fermi Inc.(FRMI)$ Fermi listed its shares on Wednesday during trading hours, where it hovered at $25 to $29 for most of its trading session, during the last 10 minutes it pushed its daily high every other minute, closing just over $35.65. Fermi had a land lease to building one of the largest AI-fueled Data Centres in the States. It's IPO came at a very strategic timing, with the AI wave as a tailwind and Rick Perry (Former Texas governor and friend of President Trump) as a co-founder of the company. Closest comp will be Data Centre giant, CoreWeave. I entered a fairly sizable position and exit quickly, if I were to have held it to post market, my gains would've quadrupled.
      看1.12K回复Comment
      点赞5
      编组 21备份 2Share
      Report
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Company: TTMF Limited. Tech supported by Xiangshang Yixin. Email: uservice@ttm.financial