Data center real estate investment trust (REIT) Fermi has initiated a roadshow in preparation for its planned initial public offering (IPO) of 25 million shares. The company anticipates the shares will be priced between $18 and $22 each. Co-founded by a former U.S. Energy Secretary, Fermi aims to capitalize on the growing demand for data centers, which are crucial for supporting cloud computing, AI, and the increasing flow of data worldwide.
The move to go public reflects a broader trend in the real estate sector, where REITs focusing on technology-related infrastructure, such as data centers, are gaining prominence due to technological advancements and the digital transformation of various industries. By making this IPO, Fermi seeks to raise capital to expand its data center footprint to accommodate the rapid escalation of data storage needs.
Fermi’s venture into the public market is timed during a period of significant investor interest in data center investments, as the sector continues to show promise for sustained growth. The successful completion of this IPO would not only provide Fermi with the financial resources needed for expansion but also bring additional attention to the potential of data center investments as part of a diversified real estate strategy. With an eye on the future, Fermi is positioning itself as a key player in the burgeoning field of data infrastructure.