Fermi ($FRMI) IPO Opens at $25 After Pricing at $21

Shares of Fermi began trading at $25, representing a notable premium over the initial offering price set at $21.

Summary

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Terms & Concepts
  • IPO (Initial Public Offering): The process by which a private company offers shares to the public for the first time, allowing it to raise capital from public investors.
  • Offering Price: The predetermined price at which shares are sold to investors during an IPO, before trading begins on the open market.
  • Ticker Symbol: A unique identifier used to represent a company’s publicly traded stock on an exchange; in this case, FRMI for Fermi.