Trump Ties Boost Data Center IPO as Dealmakers Embrace the Brand

From a data center startup with one customer to special purpose acquisition companies helping form hoarders of speculative crypto tokens, firms raising hundreds of millions of dollars in the equity market are increasingly touting their links to President Donald Trump.

Fermi Inc., the real estate investment trust co-founded by Trump’s former US Secretary of Energy Rick Perry, joined the party last week when it raised $682.5 million in an IPO, and shares have powered higher despite having no revenue and a non-binding agreement with its sole tenant to date. It’s the latest in a string of blank-check ...