Rick Perry’s Energy REIT Fermi Raises $682.5 Million in IPO

BloombergTuesday, September 30, 2025 at 10:21:20 PM
Rick Perry’s Energy REIT Fermi Raises $682.5 Million in IPO
Fermi Inc., co-founded by former US Secretary of Energy Rick Perry, has successfully raised $682.5 million in its initial public offering, pricing shares at the higher end of expectations. This significant capital influx not only highlights investor confidence in the energy sector but also marks a notable achievement for Perry, showcasing the potential of real estate investment trusts in driving innovation and growth in energy.
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