Fermi's shares opened 19 per cent above the offer price in their Nasdaq debut on Wednesday, valuing the data center real estate investment trust at $14.8 billion amid surging investor enthusiasm for AI infrastructure stocks. The Amarillo, Texas-based company's stock opened at $25, compared with the offer price of $21. While development-stage firms have gone public before, its unusual for a company under a year old with no revenue to pursue an IPO at a $10 billion-plus valuation. "It (Fermi's

Tag-uri: Real Estate