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

SB Energy, a data centre developer backed by SoftBank Group, plans to sell up to $500 million in shares to Japanese investors as part of a U.S. IPO, according to a filing. The funds raised will be used for operating costs related to data centre development, power generation, and infrastructure projects. SoftBank may target a valuation of $50 billion for the company.

Nvidia has committed to a $1.5 billion private placement at the IPO price, while OpenAI has received warrants worth approximately $5.5 billion. The IPO follows a trend of public listings for companies related to artificial intelligence, with SpaceX and Anthropic also preparing to list in recent months.

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