How to Buy Fermi America IPO in the USA?
Have you been hearing the buzz about Fermi America IPO? Many beginners in the US are curious about this new company and its upcoming stock offering. Fermi America is gaining attention because it’s building AI-focused infrastructure and energy projects in the US, especially in Texas. With AI and data centers becoming the backbone of modern technology, a lot of investors want to get in early.
But there is a challenge if you’re new to investing, the process of buying IPO shares can feel confusing. Which broker should you use? Do US citizens even have access to this IPO? And what steps should you follow to actually buy the stock? Don’t worry, this guide will cover the steps in detail. By the end, you’ll have a clear roadmap to start your investing journey with confidence.
But before going to invest in Fermi America, let us clearly decode what exactly Fermi America is and Why It Matters.
What Is Fermi America and Why It Matters?
Fermi America is a company working on AI-driven infrastructure projects in the United States. One of its big initiatives is called Project Matador, which focuses on building large-scale data centers and energy campuses in Texas. These facilities are designed to power the growing demand for artificial intelligence, cloud computing, and high-tech industries.
Why does this matter to investors?
- AI is booming – From manual to self-driving cars, AI is shaping the future, and it needs strong infrastructure behind it.
- Data centers are the backbone – Without energy and storage facilities like the ones Fermi America is building, AI growth would slow down.
- US market potential – Since the projects are based in Texas, US citizens see this as a chance to invest in something happening on their own soil.
In short, Fermi America is positioning itself as a key player in the future of AI infrastructure. That’s why its IPO is drawing so much attention: it gives regular investors in the US the opportunity to get in early on a company linked to one of the fastest-growing industries.
Fermi America IPO basics you should know
As of Sep 24, 2025, Fermi America launched its IPO roadshow proposing 25,000,000 shares at an $18–$22 price range (with an underwriter option for extra shares), planning to list under the ticker FRMI on Nasdaq (and a London listing). The deal size is roughly $500–$550M and the company has said proceeds will fund its large “Project Matador” energy + data-center plans.
Below are the basics, step by step.
Current status – filed and on the roadshow
- Fermi filed registration documents and launched the IPO roadshow in late September 2025; that’s the stage where the company and underwriters market the deal to investors before pricing.
Key headline terms to remember
- Shares offered: 25,000,000 (plus an overallotment option).
- Price range (expected): $18.00 – $22.00 per share.
- Deal size / target raise: roughly $500–$550 million – some outlets report a ~$13B target valuation.
- Ticker & listing: planning to trade as FRMI on Nasdaq (and also listed in London).
These are the numbers that most people search for first – keep in mind they can be updated between roadshow, pricing and the first trading day.
Where the company stands operationally (important risk context)
- Fermi is an early-stage developer of a very large hybrid energy + data campus (Project Matador in Amarillo, TX). reporting shows it is still in development and has not yet generated operating revenue, that’s why IPO risk/volatility can be higher. The project also involves nuclear and large power generation plans that require regulatory approvals.
What it means for US retail investors (practical takeaway)
- You may or may not get IPO shares at the offering price. Underwriters often allocate most IPO shares to institutions; some brokerages now offer retail IPO access but allocations can be limited. If you don’t get an allocation, you can still buy shares once the stock starts trading on the open market. Read the company’s prospectus (Form S-11/S-1) and check your broker’s IPO access process.
How to Buy Fermi America Shares in the US for beginners.

If you’re new to investing, don’t worry. Buying shares in Fermi America’s IPO (or right after it starts trading) is easier than it sounds. Just follow these steps:
Step 1: Open a Brokerage Account
- To buy any stock in the US, you need a brokerage account.
- Popular beginner-friendly options: Robinhood, Fidelity, Charles Schwab, Webull.
- Sign up, complete the identity verification (KYC), and link your bank account.
Step 2: Check IPO Access
- Not all brokers let retail investors buy IPO shares before the stock hits the market.
- Some, like Fidelity or Robinhood (IPO Access), sometimes allow eligible clients to participate in IPOs.
- If your broker doesn’t give IPO access, don’t worry, you can still buy shares once Fermi America starts trading on Nasdaq (FRMI).
Step 3: Research Before You Invest
- Read the Fermi America IPO prospectus (available on the SEC’s EDGAR system).
- Look at key details: price range ($18–$22), number of shares offered, and risks.
- Ask yourself: Am I investing for long-term growth or short-term trading?
Step 4: Place an Order
- If you get IPO access: You’ll submit an “indication of interest” during the roadshow period, then confirm your purchase at the final price when the IPO is priced.
- If buying after IPO listing: Wait until trading begins, then place a regular stock order:
- Market Order → Buys instantly at the current price.
- Limit Order → You set the maximum price you’re willing to pay.
Step 5: Fund Your Account
- Make sure money is deposited into your brokerage account before IPO pricing day or before you place a buy order.
- Transfers can take a few days, don’t wait until the last minute.
Step 6: Monitor Your Investment
- After buying, keep track of the stock’s performance.
- IPOs can be very volatile in the first weeks. Don’t panic if prices move up and down quickly.
- Decide in advance whether you’re holding long-term or aiming for short-term gains.
Fermi America IPO vs Other US Tech IPOs 2025, which one is better option?
Here’s a comprehensive comparison between Fermi America’s IPO and other notable U.S. tech IPOs of 2025, highlighting key differences and similarities:
🔹 Fermi America
- Sector: AI-driven energy infrastructure and data centers
- Valuation: Approximately $13.16 billion
- IPO Size: Up to $550 million (25 million shares priced between $18–$22 each)
- Listing: Nasdaq (FRMI), with a secondary listing on the London Stock Exchange
- Founders: Former U.S. Energy Secretary Rick Perry and energy investor Toby Neugebauer
- Flagship Project: Project Matador—an AI-powered energy and data complex in Amarillo, Texas
- Revenue: Currently pre-revenue; the company is still in development
- IPO Date: Expected to price on September 30, 2025, and begin trading on October 1, 2025
🔹 Netskope
- Sector: Cybersecurity (AI-driven cloud security)
- Valuation: Approximately $7.4 billion
- IPO Size: Raised $908 million by pricing 47.8 million shares at $19 each
- Listing: Nasdaq
- Revenue: $707 million in annual recurring revenue as of July 31, 2025
- Profitability: Reported a net loss of $170 million for the six months ending July 31, 2025
- IPO Date: September 19, 2025
🔹 Navan
- Sector: Corporate travel and expense management
- Valuation: Estimated above $8 billion
- Revenue: $329.4 million for the first half of fiscal 2026, a 30% increase year-over-year
- Profitability: Net loss of $99.9 million for the six months ending July 31, 2025
- IPO Date: September 19, 2025
🔹 Databricks
- Sector: AI and data analytics
- Valuation: Estimated at over $40 billion
- IPO Date: Expected in 2025 (exact date TBD)
- Revenue: Reported significant growth, with strong demand for its AI and data analytics platforms
comparison table between Fermi America’s IPO and other notable U.S. tech IPOs of 2025.
| Feature | Fermi America (FRMI) | Netskope (NTSK) | Navan (NAVN) | Databricks (DBC) | Stripe (STRP) |
|---|---|---|---|---|---|
| Sector | AI Energy/Data | Cybersecurity | Fintech | AI/Data Analytics | Fintech |
| Valuation | ~$13.16B | ~$7.4B | ~$8B | >$40B | >$25B |
| IPO Size | Up to $550M | $908M | N/A | N/A | N/A |
| Listing Exchange | Nasdaq, LSE | Nasdaq | Nasdaq | Nasdaq | Nasdaq |
| Revenue Status | Pre-revenue | $707M ARR | $329M H1 FY26 | N/A | N/A |
| Profitability | Pre-revenue | Net loss | Net loss | N/A | N/A |
| IPO Date | Oct 1, 2025 | Sept 19, 2025 | Sept 19, 2025 | TBD | TBD |
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