Fermi, co-founded by Rick Perry, files for IPO in the U.S. No offering terms disclosed. Wall Street’s busy IPO season features big names like Klarna and Gemini. StubHub and Netskope aim to raise $851 million and $813 million. Fermi plans to build world’s largest energy and data complex powered by nuclear, natural gas, and solar.

Fermi’s announcement marks the first major nuclear investment since Trump’s executive orders in May. Plans to increase U.S. nuclear energy capacity from about 100 GW to 400 GW by 2050. Fermi cites Bloomberg Intelligence data, predicting global generative AI market growth from $64 billion in 2023 to $457 billion by 2027.

Fermi, pre-revenue, secures $100 million funding led by Macquarie Group. UBS Investment Bank, Cantor, and Mizuho are book-running managers for the offering. Fermi applies to list on Nasdaq under symbol “FRMI” and plans to list on the main market of the London Stock Exchange.

Read more at Yahoo Finance: Data center builder Fermi files for US IPO as new listings accelerate