Haynes Boone represented Fermi America, an energy company co-founded by former U.S. energy secretary Rick Perry and CEO Toby Neugebauer, in its initial public offering (IPO), which values the company at $13.8 billion. The offering raised $682.5 million through the sale of 32.5 million shares at $21 per share.
IPO proceeds will fund construction, equipment, hiring, power and pipeline infrastructure.
“In working around the clock and sharing the sense of urgency required for us to execute on the world’s largest private-grid campus to power the future of AI, the team at Haynes Boone have been more than our lawyers — they have been true partners,” Neugebauer said.
Haynes Boone’s capital markets team was led by Dallas partner and co-chair Matt Fry, London partners Nick Davis and Robert Bines-Black, and Dallas associate Logan Weissler.
“It is an honor to advise on the first-ever dual listing of this kind, which required close coordination across jurisdictions and disciplines,” Fry said. “Fermi’s IPO is a landmark moment not just for the markets, but also for how innovation and infrastructure deals are executed globally.”
“The Dallas and London offices of Haynes Boone have together seamlessly enabled one of the world’s most dynamic and fastest growing companies to access both the Nasdaq and London Stock Exchange markets,” Davis, co-office managing partner in London, said. “This novel dual listing, which is a testimony to the changes in the rules in the London market to successfully attract high-growth companies, has not been done in last 30 years, and we hope it is the first of many. We wish Fermi the greatest of success and look forward to working with them to deliver this vital project over the next few years.”
The IPO deal team supporting Fry, Davis, Bines-Black and Weissler also included contributions from:
- Capital Markets Associates David McClellan, Ravina Mahajan, Mike Haden and Alexandria Pencsak, and Trainee Solicitors Ziv Gould and Tautvydas Medzuekevicius
- Finance Partners Sakina Rasheed Foster, Gilbert Porter and Matt Frankle, Counsel Cody Cravens and Associate Joy Su
- Mergers and Acquisitions Partner Larry Shosid
- Employee Benefits Partners Susan Wetzel and Scott Thompson, and CounselTom Hogan
- Tax Partners Michael DePompei (REIT structuring) and Sam Lichtman
- Energy Partners Diana Liebmann, Phil Lookadoo and Mary Mendoza, and Associate Victor K. Salazar
- Labor and Employment Partner Raquel Alvarenga
