AI Energy Supplier Fermi Inc. Raises $682.5M in IPO
The startup, which plans a $50 billion energy and data center campus in Texas, saw its stock jump 28% in its Nasdaq debut.
A Strong Market Debut
Fermi Inc., a startup planning to build a massive energy and data center campus to power artificial intelligence, raised $682.5 million in its initial public offering. The company sold 32.5 million shares at $21.00 each, according to a press release and data from IPO Scoop. The stock began trading on the Nasdaq on Oct. 1, 2025, under the ticker FRMI.
Shares jumped 28% in their debut, closing the first day with a market capitalization of over $16 billion. The successful IPO demonstrates strong investor appetite for companies providing the foundational infrastructure for the AI industry, …
Archive Access
This article is older than 24 hours. Create a free account to access our 7-day archive.