US data centre real estate trust Fermi eyes secondary London listing | Shares Magazine

Fermi Inc announces dual listing plans on London Main Market and Nasdaq as a data centre infrastructure REIT, co-founded by former Texas governor Rick Perry.

Fermi Inc plans to go public with listings on both London Main Market and Nasdaq, positioning itself as a real estate investment trust focused on data centre infrastructure for AI servers. The company's flagship Project Matador in Texas aims to create one of America's largest nuclear power complexes, capable of supplying 11 gigawatts through natural gas, solar, and nuclear sources. Co-founded by former Energy Secretary Rick Perry and Toby Neugebauer, Fermi expects to raise up to $550 million through its IPO.

• Fermi targets $13.2 billion market valuation with 25 million shares priced between $18-$22
• Project Matador will combine nuclear, solar, and natural gas power with battery storage systems
• Co-founder Neugebauer faces securities fraud lawsuit related to failed conservative startup GloriFi
• The company addresses growing power demands from artificial intelligence data centres