Fermi America files for IPO to fund 11GW Amarillo data center campus [USA TODAY]
MACQUARIE GROUP LTD S/ADR (MQBKY)
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Source: USA TODAY
The company submitted a Registration Statement on Form S-11 with the U.S. Securities and Exchange Commission. The number of shares to be offered and the price range have not yet been determined. Fermi America intends to list its stock on the Nasdaq Global Select Market under the ticker symbol “FRMI.” Founded less than a year ago, Fermi was co-founded by former U.S. Energy Secretary Rick Perry and has drawn attention for its plan to build what it says will be the world's largest privately operated energy and data complex. The 11-gigawatt project, known as Project Matador, is expected to span about 18 million square feet on land leased from Texas Tech University in Amarillo. The company has described the effort as a mix of natural gas, renewable and nuclear generation. In July, it acquired more than 600 megawatts of natural gas generation capacity through two deals that included nine turbines. It has said the natural gas assets will support a near-term goal of delivering 1 gigawatt
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