Market Forces and Global Interest
Backed by UBS, Cantor, Mizuho, Macquarie, Stifel, and Truist Securities, Fermi’s offering is among the largest on the London Stock Exchange in recent memory. Regulatory approval from the U.S. Securities and Exchange Commission was secured just before a government shutdown, adding a cliffhanger to the IPO’s rollout.
By bypassing private capital and heading straight into the public markets just nine months after its founding, Fermi signaled its appetite for scale—and speed.
The Legal Powerhouses Behind the Deal
Fermi’s team included a phalanx of attorneys from Haynes Boone led by Matt Fry, Nick Davis, and Logan Weissler, among others. The underwriters were represented by Vinson & Elkins LLP, with Daniel LeBey and Dave Oelman steering the legal strategy.
