Finance

Data center builder Fermi files for US IPO as new listings accelerate

Published by Global Banking & Finance Review

Posted on September 8, 2025

1 min read

· Last updated: January 22, 2026

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Data center builder Fermi files for US IPO as new listings accelerate
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(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

Data center builder Fermi files for US IPO as new listings accelerate

Fermi's IPO Filing and Market Context

(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.

Upcoming IPOs in the Market

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

Underwriters for the Offering

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.

(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Vijay Kishore)

Key Takeaways

  • Fermi files for an IPO in the US market.
  • The IPO is part of a surge in new listings post-Labor Day.
  • UBS, Cantor, and Mizuho are managing the offering.
  • Fermi aims to list on Nasdaq under 'FRMI'.
  • Plans to list on the London Stock Exchange as well.

Frequently Asked Questions

What company filed for an IPO in the US?
Fermi, an energy and data center development company, filed for an initial public offering in the United States.
Which investment banks are managing Fermi's IPO?
UBS Investment Bank, Cantor, and Mizuho are among the book-running managers for the offering.
What stock exchange will Fermi list on?
Fermi has applied to list on the Nasdaq under the symbol 'FRMI' and also plans to apply to list on the main market of the London Stock Exchange.
What is the current market sentiment towards IPOs?
There is a rush among companies to tap investor enthusiasm for new issues as the post-Labor Day season begins positively.
What notable companies are expected to list this fall?
The packed IPO calendar for the fall includes high-profile names such as Swedish fintech Klarna and the Winklevoss twins' crypto exchange Gemini.

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