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Haynes Boone Leads AI Campus REIT's Upsized $683M IPO

By Nate Beck ( October 1, 2025, 2:39 PM EDT) -- Fermi, a real estate investment trust co-founded by former U.S. Energy Secretary Rick Perry, hit a $14.8 billion valuation Wednesday in an initial public offering for the venture that aims to build power generation and data center capacity to support artificial intelligence on a Texas site, in a deal advised by Haynes Boone and Vinson & Elkins LLP....

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