Rick Perry's Energy Infrastructure REIT Fermi Files for IPO.

The article focuses on Fermi Inc., a real estate investment trust co-founded by former Texas Governor Rick Perry, which has filed for an initial public offering (IPO) to develop an energy-intensive computing campus in Amarillo, Texas. The company plans to list on the Nasdaq Global Select Market and the London Stock Exchange, aiming to attract data center and hyperscaler tenants to its "Project Matador," which encompasses over 5,000 acres at Texas Tech University. Fermi intends to have one gigawatt of power operational by the end of next year, with a long-term goal of reaching up to 11 gigawatts by 2038 through a combination of natural gas, solar energy, and nuclear power. The company will trade under the symbol FRMI, with UBS Group AG, Cantor Fitzgerald, and Mizuho Financial Group leading the offering. [Extracted from the article]