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Data center builder Fermi files for US IPO as new listings accelerate
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Data center builder Fermi files for US IPO as new listings accelerate
Sep 8, 2025 3:41 AM

(Reuters) - Fermi, an energy and data center development company, on Monday filed for an initial public offering in the United States, as companies rush to tap investor enthusiasm for new issues.

The post-Labor Day season is off to a good start as Wall Street returns to action after the usual August slowdown.

The packed IPO calendar for the fall window includes high-profile names such as Swedish fintech Klarna and the Winklevoss twins' crypto exchange Gemini.

UBS Investment Bank, Cantor, and Mizuho are among the book-running managers for the offering.

Fermi has applied to list on the Nasdaq under the symbol "FRMI".

The company also plans to apply to list on the main market of the London Stock Exchange.

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