SB Energy to sell up to US$500 million in shares to Japan investors as part of US IPO
TOKYO: Data centre developer SB Energy, backed by SoftBank Group, will sell up to US$500 million in shares to Japanese investors as part of a public listing in the US, a filing showed on Tuesday.
SB Energy, a data center development company backed by SoftBank Group, plans to sell up to US$500 million in shares to Japanese investors as part of a US IPO, according to a filing. The company intends to use the funds raised for general operating costs, which include developing data centers, power generation, and related infrastructure projects.
SoftBank may be aiming for a valuation of US$50 billion for SB Energy, as reported by Reuters. Additionally, chipmaker Nvidia has committed to investing US$1.5 billion in a private placement at the IPO price, while OpenAI has received warrants valued at approximately US$5.5 billion, as stated in SB Energy's investment prospectus, which was released earlier in September.
The surge in investor enthusiasm for artificial intelligence has led to a series of public listings for related firms this year. SpaceX went public in June, and Anthropic is set to list later this year. Japanese investors managed to secure US$2.2 billion worth of SpaceX shares during its IPO.
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Also reported by 1 other outlet
- SoftBank-backed SB Energy plans up to $500m Japan sale techinasia.com
