(Reuters) -Fermi aims to raise $ 715 million in its initial public offer of the USA, said the real estate investment trust of the Data Center Data Center, since it aims to take advantage of the growing demand for energy infrastructure required to support the construction of AI.
Co -founded by former US Secretary of Energy. UU. Rick Perry, the company aims to sell 32.5 million shares with a price of between $ 18 and $ 22 each, compared to its previous objective of 25 million shares.
The huge demand for energy supply comes from the efforts to climb large language models by companies such as Anthrope and ChatgPT-Parant Openai, which has signed agreements worth hundreds of billions of dollars with Oracle, Softbank and Coreweave.
Fermi’s updated offer also indicates the appetite of investors accumulated by companies in the heart of the AI ​​race, since the vast majority of leaders in space continue to be private.
The actions of the cloud supplier AI backed by Nvidia Coreweave have more to triple their PAHO price since its debut in March.
Fermi aims to build the largest energy and data complex in the world, driven by nuclear, natural gas and solar energy.
It has incurred a loss of $ 6.4 million from its beginning until June 30 and does not expect to generate income in the next 12 months.
UBS, Evercore, Cantor and Mizuho are the managers of main sets books.
Fermi will list the Nasdaq bag and the London Stock Exchange under the “FRMI” symbol.
(Ateev Bhandari report in Bangalore; Krishna Eluri edition)
(Tagstotranslate) Fermi (T) Rick Perry (T) Initial Public Offer (T) Energy Infrastructure (T) Real Investment Trust (T) Data Center
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