Fermi America Launches IPO Roadshow for Nasdaq and LSE Listing
Fermi America has launched the roadshow for its proposed initial public offering (IPO) of 25 million shares of common stock, announced in a press release. The company plans to list its shares on both the Nasdaq Global Select Market and the London Stock Exchange under the ticker symbol "FRMI." The IPO price is expected to range between $18 and $22 per share.
In addition to the initial offering, Fermi America intends to grant underwriters a 30-day option to purchase up to an additional 3.75 million shares at the IPO price, minus underwriting discounts and commissions. The proceeds from this offering, along with existing cash reserves, will be used to support the company's growth, secure personnel, and enhance financial flexibility for general corporate purposes, including procurement and construction activities.
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