Rick Perry-backed Fermi REIT raises $682 million in U.S. IPO amid AI data-center boom

Investing.comTuesday, September 30, 2025 at 11:07:33 PM
Rick Perry-backed Fermi REIT raises $682 million in U.S. IPO amid AI data-center boom
Fermi REIT, backed by Rick Perry, has successfully raised $682 million in its U.S. IPO, capitalizing on the booming demand for AI data centers. This significant funding not only highlights the growing interest in AI infrastructure but also positions Fermi REIT as a key player in the market. The influx of capital will enable the company to expand its operations and invest in cutting-edge technology, which is crucial as businesses increasingly rely on AI solutions.
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