Fermi Inc. (NASDAQ: FRMI), a real estate investment trust founded by former Trump administration member Rick Perry, saw its stock soar 7.23% in intraday trading on Friday. This significant uptick follows the company's successful debut on the Nasdaq and its subsequent listing on the London Stock Exchange, marking a strong week for the newly public company.

The impressive surge comes after Fermi's stock had already shown strength in pre-market trading, with earlier reports indicating a 5.91% increase. The additional gains during the trading session reflect growing investor confidence in the company's expansion strategy. Fermi's quick move to list in London, just a day after its Nasdaq debut, demonstrates an ambitious approach to accessing global capital markets.

Analysts suggest that Fermi's dual-listing strategy could significantly broaden its investor base and increase access to capital, crucial factors for a growing real estate investment trust. The involvement of Rick Perry, a high-profile figure in American politics, may also be contributing to the increased interest in the company's stock. While specific details about Fermi's operations and future plans are limited, the positive market reaction indicates that investors are optimistic about the company's growth prospects in both the U.S. and European markets.