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Fermi America lists on Nasdaq and London at $21 a share with no revenue yet
Fermi, co-founded by Rick Perry and Toby Neugebauer earlier that year, sold 32.5 million shares at $21 in a dual listing in New York and London. It had no customers, no revenue and no construction yet, only plans for an 11 GW gas, solar and nuclear campus in Texas.
- 32.5 million shares sold at $21, at the top of the $18-22 range, raising $682.5M.
- Plans included four Westinghouse AP1000 reactors.
- Trades as FRMI on Nasdaq and the London Stock Exchange.