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Rick Perry’s Energy REIT Fermi Raises $682.5 Million in IPO

Bloomberg.com · last updated

Fermi Inc., a real estate investment trust co-founded by former US Secretary of Energy Rick Perry, raised $682.5 million in an initial public offering, pricing its shares in the upper half of the marketed range.

The REIT sold 32.5 million shares for $21 after marketing them for $18 to $22 each, according to a statement Tuesday.

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