On Wednesday, Fermi, a data center construction company co-founded by Rick Perry, who previously served as the U.S. Secretary of Energy, revealed its ambitious U.S. IPO valuation target of $13.16 billion. Headquartered in Amarillo, Texas, this real estate investment trust is set to issue 25 million shares of stock in its upcoming IPO. The company aims to raise up to $550 million, with the offering price per share projected to range between $18 and $22. This move not only underscores Fermi's confidence in its market position but also reflects the growing investor interest in the data center sector.