SoftBank-Linked SB Energy Files for U.S. IPO
New York, Sept. 1 (Jiji Press)--SB Energy Inc., an artificial intelligence infrastructure developer backed by Japan's SoftBank Group Corp., has filed for an initial public offering on the U.S. Nasdaq market, the company said Tuesday. SB Energy did not disclose the offering price or the date of the listing, but U.S. media reports said the company could go public as early as this month. Acc...
SB Energy, an artificial intelligence infrastructure developer backed by SoftBank Group, has filed for an initial public offering on the U.S. Nasdaq market, according to the company. The company has not disclosed the offering price or the date of the listing, but media reports suggest the offering could occur as early as this month.
SB Energy aims to raise between 5 billion and 7 billion dollars, with a target valuation surpassing 50 billion dollars. The company specializes in developing infrastructure essential for AI, including power generation facilities and large-scale data centers. These assets will be leased on a long-term basis to SoftBank Group and OpenAI, the developer of the ChatGPT AI chatbot.
The IPO prospectus released by SB Energy states that SoftBank Group will retain control of the company post-listing. Additionally, U.S. chip giant Nvidia will invest a total of 3 billion dollars through transactions associated with the IPO.
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