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Rick Perry’s Fermi REIT Jumps 55% Following $683 Million IPO

The real estate investment trust founded by Rick Perry saw its shares soar after a successful $683 million initial public offering.

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Terms & Concepts
  • REIT: A Real Estate Investment Trust, a company that owns, operates, or finances income-producing real estate and offers shares to investors.
  • IPO: An Initial Public Offering, the process by which a private company offers shares to the public for the first time.