Fermi Launches IPO, Aims To Raise $550 Million
Synopsis
Fermi is offering 25 million shares in the price range of $18 and $22, according to the company’s SEC filing.
Fermi LLC launched its initial public offering (IPO) on Wednesday, aiming to raise $550 million at a valuation of $13 billion.
Co-founded by former U.S. Energy Secretary Rick Perry, Fermi is offering 25 million shares priced between $18 and $22, according to the company’s filing with the U.S. Securities and Exchange Commission (SEC).
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