The City’s moribund IPO market came roaring back to life today with the “groundbreaking” dual listing on Nasdaq and London of electric grid and data centre developer Fermi valuing at more than $13 billion (£9.6 billion)
It is the largest IPO on the London stock exchange by offering size this year and the biggest by market capitalisation since September 2020. Today’s London listing comes after an IPO on Nsadaq yesterday when the share shot up 55% from the opening price of $21 on the first day of trading.
