SB Energy to sell up to $500 million in shares to Japan investors as part of US IPO

SB Energy, a data center developer supported by SoftBank Group, plans to sell up to $500 million in shares to Japanese investors as part of an upcoming public listing in the United States. The funds raised will be utilized for general operating costs associated with developing data centers, power generation, and related infrastructure projects. The exact size of the US IPO has not been disclosed. SoftBank may aim to value SB Energy at $50 billion, according to a Reuters report.

Chipmaker Nvidia has pledged to invest $1.5 billion in a private placement at the IPO price, while OpenAI has been granted warrants valued at approximately $5.5 billion, as reported in SB Energy's investment prospectus released earlier in September. The surge in investor enthusiasm for artificial intelligence has led to a series of public listings in related companies this year, including SpaceX's listing in June and Anthropic's preparation for a listing later this year. Japanese investors secured $2.2 billion worth of SpaceX shares in its IPO.