Fermi America Launches Initial Public Offering to Advance Next-Gen Electric Grids

Fermi America Launches Initial Public Offering (IPO)

Fermi America, formerly known as Fermi LLC, has taken significant strides towards its public debut with the announcement of its initial public offering (IPO). On September 24, 2025, the company initiated the roadshow for its offering of 25 million shares of common stock, a move that illustrates its commitment to reshaping the electric grid landscape. In addition to the initial offering, Fermi America plans to grant underwriters an option to purchase up to an extra 3.75 million shares within 30 days of the IPO.

IPO Pricing and Stock Listings

The anticipated IPO range is set between $18 and $22 per share, compellingly positioning Fermi America for a robust entry into the public market. The company's common stock is expected to be listed on two prominent platforms: the Nasdaq Global Select Market and the London Stock Exchange under the ticker symbol "FRMI." This approach aims to attract significant attention from both American and international investors, thus expanding its reach.

Investment Objectives

Fermi America has indicated that the proceeds from this IPO will be strategically utilized to support various facets of its ongoing growth and operational improvement. This includes bolstering its personnel resources, enhancing financial flexibility, and covering general corporate needs. Specific plans indicate investment in procurement, construction, and installation of long-lead time items essential for its future operations.

Underwriters and Market Advisors

A team of reputable financial institutions has stepped in to support this offering. UBS Investment Bank and Evercore ISI lead the charge as book-running managers, collaborating with Cantor and Mizuho in executing this ambitious endeavor. Additional partners include Macquarie Capital, Rothschild & Co, Berenberg, and Panmure Liberum, also participating as bookrunners. Notably, Ocean Wall serves as a trusted advisor for Fermi America's listing on the London Stock Exchange.

A Vision for the Future

Fermi America is at the forefront of developing cutting-edge electric grids designed to deliver gigawatt-scale power—vital for advancements in artificial intelligence. Co-founded by Rick Perry, former U.S. Secretary of Energy, and Toby Neugebauer, ex-Co-Managing Partner of Quantum Energy, Fermi America is engineering the world’s largest private grid, which will integrate various power sources, including nuclear, combined-cycle natural gas, solar, and battery energy storage.

This visionary project, termed the "HyperGrid Project," aims to fuel the burgeoning demands of next-gen AI technologies by creating a highly redundant power infrastructure that is necessary for extensive computational requirements. Positioned as a leader in the energy sector, Fermi America is set to redefine power delivery at a massive scale, paving the way for the future of technological innovation.

Conclusion

As Fermi America approaches its IPO, stakeholders are keenly observing whether this bold endeavor will successfully attract investors eager to partake in the growth of innovative energy solutions. While the registration statement has been filed and is currently awaiting effectiveness from the Securities and Exchange Commission, the upcoming months will be pivotal in determining Fermi America's trajectory as a publicly traded company.

For media inquiries, reach out to Lexi Swearingen at [email protected].