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36 days agoFermi Eyes $13B Valuation in Ambitious Data Center IPO
Data center REIT Fermi plans to launch a U.S. IPO targeting a $13.16 billion valuation, aiming to raise $550 million by issuing 25 million shares. Despite being in early development and pre–revenue, Fermi’s “Project Matador” aims to deliver gigawatt-scale computing capacity in Texas using hybrid energy systems. The IPO reflects investor appetite for infrastructure underpinning AI and cloud growth. Its performance will test risk tolerance for capital-intensive, pre-revenue ventures.
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36 days agoFermi Eyes $13B Valuation in Ambitious Data Center IPO
Data center REIT Fermi plans to launch a U.S. IPO targeting a $13.16 billion valuation, aiming to raise $550 million by issuing 25 million shares. Despite being in early development and pre–revenue, Fermi’s “Project Matador” aims to deliver gigawatt-scale computing capacity in Texas using hybrid energy systems. The IPO reflects investor appetite for infrastructure underpinning AI and cloud growth. Its performance will test risk tolerance for capital-intensive, pre-revenue ventures.
Explore:Mutual Fund Categories
neutral
Fermi Eyes $13B Valuation in Ambitious Data Center IPO
about 1 month ago
1 min read
69 words
Fermi REIT sets sights on a $13B IPO for AI infrastructure investment prior to revenue.
Data center REIT Fermi plans to launch a U.S. IPO targeting a $13.16 billion valuation, aiming to raise $550 million by issuing 25 million shares. Despite being in early development and pre–revenue, Fermi’s “Project Matador” aims to deliver gigawatt-scale computing capacity in Texas using hybrid energy systems. The IPO reflects investor appetite for infrastructure underpinning AI and cloud growth. Its performance will test risk tolerance for capital-intensive, pre-revenue ventures.
Data center REIT Fermi plans to launch a U.S. IPO targeting a $13.16 billion valuation, aiming to raise $550 million by issuing 25 million shares. Despite being in early development and pre–revenue, Fermi’s “Project Matador” aims to deliver gigawatt-scale computing capacity in Texas using hybrid energy systems. The IPO reflects investor appetite for infrastructure underpinning AI and cloud growth. Its performance will test risk tolerance for capital-intensive, pre-revenue ventures.
Companies:
Fermi
Tags:
IPO
data center
IPO
data center
REIT
AI infrastructure
capital markets
Sep 25, 2025 • 06:09 IST