Fermi Inc., a data and energy real estate investment trust (REIT) co-founded by former U.S. Energy Secretary Rick Perry, is aiming for a $13.16 billion valuation in its upcoming initial public offering, according to its SEC filing.

The Texas-based company recently unveiled plans for one of the world’s largest data center developments, designed to run on a diversified mix of nuclear, natural gas, solar, and battery power.

According to Bloomberg News, Fermi—launched in January—intends to offer 25 million shares priced between $18 and $22 each. The IPO is expected to be priced on Sept. 30, with trading set to begin Oct. 1.

The flagship project, known as the Advanced Energy and Intelligence Campus, will span roughly 5,800 acres in the Texas Panhandle. In partnership with Texas Tech University, the initiative is expected to deliver 18 million square feet of data center space and up to 11 gigawatts of IT capacity by 2038, addressing the surging global demand for artificial intelligence, digital infrastructure, and sustainable energy solutions.